What are we funding?
GRANT AMOUNT | ENDORSEMENT DATE | ACTIVITIES | INSTRUMENTS SUPPORTED | WB PROJECT |
US$8.5 million | April 13, 2021 | Developing two new multiperil financial instruments that can facilitate short-term financing for agribusinesses during crises, including a bridge lending window within a credit guarantee scheme and an insurance product that serves as a backstop |
| Access to Finance for Recovery and Resilience Project (P175273) US$ 350 M (approved on June 14, 2021) |
- Prior to the onset of the COVID-19 pandemic, Rwandan agribusinesses were already dealing with limited access to credit and the consequences of climate change, including variable crop yields, damaged physical assets, and reduced labor productivity. A US$150 million World Bank loan aims to increase access to finance and support the recovery and resilience of businesses affected by the COVID-19 pandemic.
- A US$8.5 million grant from GSFF is supporting the development of two new financial instruments that will increase the resilience of agribusinesses in Rwanda.
- A US$7 million bridge lending window for an agricultural credit guarantee program is expected to be operational in January 2025, and a complementary insurance product that serves as a backstop to the window is expected in January 2026. Both instruments are estimated to have sufficient capacity to protect 5,000 MSMEs.