New Project to Increase Farmer Incomes

|   RAB News

“When I saw supporting rural income through exports I had to give up everything to come here because we need it,” stated Governor of Central Bank ClaverGatete at the official launching of the IFAD and MINAGRI supported initiative, Project for Rural Income Through Exports (PRICE).

The official launching ceremony was held at Umubano Hotel on 26th January and was the conclusion of a two-day workshop with banks, development partners and various other stakeholders that provided involved parties with the background needed to implement the project. PRICE is a 5 year, $56 million dollar initiative funded by a loan and a grant from IFAD, that builds off of the progress of the concluded PDCRE (Cash and Export Crops Development) Project. It will benefit approximately 130,000 households in the tea, coffee, silk and horticulture sectors by taking a value chain approach to increase production volume and quality, improve marketing, and strengthen farmer organizations to raise smallholder farmers’ income.

JanvierGasasira, the IFAD Single Project Implementation Unit (SPIU) Coordinator stressed the importance of the private sector working with the project to increase farmers income. “We need to build a strong relationship with private public partnerships,” he commented. IFAD Outgoing Country Coordinator Claus Reiner added that attractive producer prices are the key issue within the PRICE Project and IFAD is confident that Rwanda can achieve this. “PRICE is the biggest project in 38 years between IFAD and Rwanda. We are proud to partner with Rwanda as the development here is real and has transformed the country...”
Guest of Honor Hon. Minister Kalibata closed the event by addressing the progress she expects the new project to make. By 2015 she expects coffee production in Rwanda to reach 50 thousand tons, and for initiatives in tea and horticulture to double in volume. “Top notch coffee and tea are not enough, we also need volume,” stressed Hon Minister Kalibata. Silk and essential oils are also a part of the project scope and will be invested in until 2015, at that time, “If we can not produce enough silk or essential oils to benefit Rwanda we will drop it. We will not waste public resources.” The project was officially launched by Minister Kalibata at 4:30pm 26th January.

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