The Government of Rwanda signed a five-year framework agreement with the NGO GiveDirectly on February 24, to accelerate poverty reduction through a joint financing mechanism.
The two parties established a co-financing mechanism called the “Poverty Acceleration Co-Financing Basket Fund.” The initiative aims to mobilize more than $150 million over five years. The partners will direct the funds toward targeted investments and direct cash assistance in the five districts with the highest poverty rates. The program aims to reduce poverty by 25% in those districts.
GiveDirectly described the agreement as a significant milestone. “A major step forward. We’re proud to partner with the Government of Rwanda on the Poverty Acceleration Co-Financing Basket Fund. A bold five-year commitment to accelerate poverty reduction where it’s needed most. Big ambition. Real partnership. Lasting impact.” the organization said in a statement posted on X.
A major step forward. We’re proud to partner with the Government of Rwanda on the Poverty Acceleration Co-Financing Basket Fund. A bold five-year commitment to accelerate poverty reduction where it’s needed most.
— GiveDirectly in Rwanda (@GiveDirectlyRw) February 24, 2026
Big ambition. Real partnership. Lasting impact. https://t.co/3LeLoyugzT
Rwanda achieved substantial progress in poverty reduction in recent years through targeted public policies. The national poverty rate declined to 27.4% in 2024 from 39.8% in 2017, according to the Seventh Integrated Household Living Conditions Survey (EICV7). The data shows a decrease of 12.4 percentage points over seven years. However, a significant share of the population remains poor, particularly in rural areas.
GiveDirectly has operated in Rwanda since 2016. The organization reports that it has distributed more than $100 million to over 220,000 households across 22 districts.
The initiative aligns with Rwanda’s Second National Strategy for Transformation (NST2), which aims to significantly reduce poverty nationwide over the coming years.
This article was initially published in French by Ingrid Haffiny
Adapted in English by Ange J.A de Berry Quenum
Senegal launches 200 billion CFA bond in UEMOA Proceeds to fund 2026 budget, transformation agend...
Military escalation between Iran, Israel, and the United States has raised the risk of disruptions...
Central Bank of Nigeria said 20 commercial banks have met new minimum capital requirements, with...
DRC seeks ITC support for local battery value chains Musompo SEZ targets $2 billion private ...
Algeria’s NESDA and the Algerian‑Saudi Investment Company sign cooperation deal focused on researc...
African airlines increased passenger traffic 11.7% year-on-year in January 2026, among the strongest growth rates globally. Airlines increased capacity...
The government ordered the creation of a joint expert commission to tighten environmental oversight in the mining sector. Authorities identified...
Retail investors in Cameroon invested 25.9 billion CFA francs ($45.9 million) in government securities as of Jan. 31, 2026. Retail participation...
Nigeria introduced a 1% flat tax on the turnover of informal-sector businesses under a new presumptive tax framework. Authorities exempt nano and small...
African-born artists generated $77.2 million in auction sales in 2024, down 31.9% year-on-year. Women artists accounted for about $22...
In April 2026, the Amani Festival will change venues. Forced to leave Goma for Lubumbashi due to growing insecurity, the event turns displacement into an...