Demanding loan conditions derail Rwanda-India TVET project

A US$81 million (about RWF83 billion) project that would be financed by a loan from the Export-Import Bank of India (Exim Bank) has not yet started, five years after the loan agreement was signed between Rwanda and the financier, writes Emmanuel Ntirenganya for The New Times.

The project is part of ongoing government efforts to improve the quality of technical education through scaling up technical skills – which are considered to be crucial to reducing unemployment, poverty and enhancing social development. It was expected that the project would be completed by the end of next year (2023).

During budget hearings with the National Budget and Patrimony Committee, officials from the Ministry of Education and Rwanda TVET Board told lawmakers that the project has stalled because of the very demanding loan.
Full report on The New Times site