site http://chrisbevingtonorganisation.com/wp-content/plugins/jetpack/locales.php geneva; font-size: small; line-height: 200%;”>This new strategy is aimed at protecting the most vulnerable people against effects of extreme poverty.
Rwanda has reduced extreme poverty dramatically in recent years, from 40 percent in 2001 to 24 percent in 2011.
The remarkable success has been achieved through effective use of social protection programs such as Vision 2020 Umurenge Program (VUP).
VUP consists primarily of cash transfers and public works employment and covers over one million people.
“Poverty reduction and inclusive growth has been one of government’s core strategies. Supporting vulnerable persons and families to escape extreme poverty ensures everyone benefits from Rwanda’s economic progress,” Minister of Finance and Economic Planning Claver Gatete said on Tuesday.
Rwanda has already undertaken a number of strong policy actions that have established it as a leader among low-income countries seeking to build a strong base for their social protection systems.
“The government has used social protection programs very effectively over the past decade and now looks to reduce extreme poverty to 9 percent by 2018,” said Carolyn Turk, World Bank Country Manager for Rwanda.
The new grant will help to strengthen management capacity and monitoring systems, make social protection more responsive to natural disasters, and expand coverage to greater numbers of poor regions and people.