Rwandan government and the World Bank Group have signed a $150 million International Development Association credit agreement to expand access to housing finance.
The Rwanda Housing Finance Project is centered around the provision of long-term finance to support the development of the mortgage market.
The project consists primarily of a line of credit to financial institutions to support the expansion of mortgage lending which will be implemented by the Development Bank of Rwanda.
Advertisement
Minister of Finance and Economic Planning, Uzziel Ndagijimana says the project will expand access to housing finance to households and will support capital market development in Rwanda.
Related posts:
Architects want sustainable housing devt plan
World Bank raises China 2017 growth forecast to 6.8 pct
Nigeria March exports eased for first time in five months
Long queues surface in Petrol stations in Abuja
South African unemployment jumps to a 16-year high of 29%
Dangote fertiliser crucial to FG’s agricultural agenda – Minister
Why Buhari removed subsidy on petrol, electricity – Presidency
Comparison of fuel prices between Nigeria, other West African countries
