Kigali - The governments of Rwanda and Italy have officially signed a €50 million financing agreement, represented respectively by the Ministry of Finance and Economic Planning and the Ministry of Environment and Energy Security. This funding, provided through the Italian Climate Fund established by the Ministry of Environment and Energy Security and managed by Cassa Depositi e Prestiti (CdP), aims to support the Rwandan government in implementing its National Climate Plan. The investment, part of the Mattei Plan's energy security approach towards Africa, will be allocated upon the completion of a series of political and institutional reforms integrating climate change mitigation and adaptation into the political and regulatory framework. These reforms are essential for achieving Rwanda's national CO2 emissions reduction targets. "The Italian Climate Fund," explained Gilberto Pichetto, Minister of Environment and Energy Security, "continues our direct action to create optimal growth conditions for the African continent. With Rwanda, we will invest in necessary planning to address significant climate challenges." Rwanda's Minister of Finance and Economic Planning, Yusuf Murangwa, highlighted the significance of this agreement, stating: "Rwanda has placed climate action at the core of its development agenda, as shown by our Nationally Determined Contributions (NDCs). Effective implementation of mitigation and adaptation measures outlined in the NDCs requires financing, capacity development, and technology transfer. This agreement will significantly contribute to our efforts, estimated at $11 billion." The Italian Climate Fund aims to finance public and private projects in emerging and developing countries that contribute to achieving climate and environmental goals, aligning with Italy's international climate commitments. This operation is part of a broader partnership involving the International Monetary Fund, the World Bank, the European Investment Bank, European institutions, and other international development financial institutions such as the Agence Française de Développement. The Resilience and Sustainability Facility agreement, already signed by the Rwandan government with the IMF in 2022, has secured over $300 million in funding. The Italian Climate Fund's resources will now add to this amount. (9colonne)