The World Bank, on June 29, approved additional financing of $100 million (approx. Rwf116 billion) in a project that aims to provide financial relief for businesses in the post-pandemic era. ALSO READ: World Bank to avail $175m for Rwanda’s human capital development programme The financing provided through the Access to Finance for Recovery and Resilience project (AFRR) includes support towards a Sustainability Linked Bond issuance programme which will be issued by the Development Bank of Rwanda (BRD) to facilitate mobilisation of private capital. The five-year project seeks to increase access to finance and support recovery and resilience of businesses affected by the Covid-19 pandemic. It runs on three pillars including liquidity and recovery facility, risk-sharing facility, and institutional strengthening and implementation support. According to officials at the bank, the Sustainability Linked Bond programme will conform to BRD’s overall strategic objectives to promote sustainable economic development by relying on a specific and measurable framework.