East Africa: Rwanda receives $121.6 mln from World Bank

Rwanda and the World Bank on Friday signed two grants totalling $121.6 million to support the land-locked nation's budget as it recovers from the global downturn and aid reforms. Mimi Ladipo, the World Bank's country manager in Rwanda said $115.6 was earmarked to bolster the 2009/10 budget, a little higher than the previous fiscal year because it included almost $30 million to help mitigate the impact of the global downturn.