Support for Private Education in Rwanda
Published May 23rd, 2008
IFC, a member of the World Bank Group, will support lending to schools and education services providers in Rwanda, in partnership with Banque Rwandaise de DĂŠveloppement. This is the first initiative of its kind in Rwanda, which is designed to help improve the business environment for private education.
IFC will invest up to 2.6 billion Rwanda francs (about $ 4.8 million) in a risk-sharing facility, which will enable the bank to increase its education portfolio to 7 billion francs (about $ 13 million). IFC is also designing a comprehensive advisory program to help strengthen the financial, management, and educational capacities of private schools and develop an independent provider of education services. IFC will also provide advisory services to help the bank build capacity to conduct due diligence of educational institutions and monitor its portfolio.
