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Wednesday, 30 May 2018

Promoting Job Creation and Economic Growth in Rwanda

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©iStock/Sloot
IFC, a member of the World Bank Group, made a $10 million investment to I&M Bank (Rwanda), which will focus on supporting smaller businesses operating in Rwanda’s tourism, agriculture, and trade and commerce sectors, the backbone of economic growth in the country.  By lending to small businesses, IFC+I&M Bank are promoting job creation and economic growth in Rwanda.

SMEs account for 98 percent of all businesses in Rwanda, and contribute more than half of its total gross domestic product.

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