Partnership Between BRD and SDG Center for Sustainable Development in Rwanda
The Development Bank of Rwanda (BRD) has a core mission to support the private sector and contribute to the country's economic growth. By partnering with the SDG Center, BRD aims to strengthen sustainable development practices, share knowledge, and work towards achieving the UN's 2030 Agenda in Rwanda. This collaboration focuses on enhancing socio-economic impact, promoting operational excellence, and aligning investments with environmental sustainability across key sectors such as manufacturing, agriculture, energy, education, affordable housing, and infrastructure.
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BRD presentation on Partnership With SDG center towards meeting SDG goals 1
BRD The Development Bank of Rwanda Plc (BRD) is Rwanda s only national Development Finance Institution Public limited company incorporated in 1967 and headquartered in Kigali, Rwanda With a mandate is to support the development of the private sector with a focus on priority sectors aligned to the national strategic goals Since establishment, BRD has contributed to the country s economic growth through financial investments in key growth areas. Provides equity, debt and mezzanine instruments as well as technical assistance to investees across key sectors of the economy. In debt, BRD provided short, medium and long term financing to facilitate the emergence of a strong private sector, create jobs and contribute to poverty reduction in Rwanda. Over 90% of lending is long-term (more than 5 years) representing a bet on the future of Rwanda 2
BRDs Mission ,vision & Goals- A trusted Partner in Rwandas Development To be an innovative and sustainable provider of development finance for socio-economic impact Vision A trusted strategic partner for Rwanda s development that offers financial solutions for enhanced values to our stakeholders Mission 1. 2. 3. 4. 5. Passionate Innovative Excellence Integrity Accountable 1. 2. 3. Operational Excellence Strategic Partnerships Dynamic Culture Strategic Themes Values 3
Business Model- BRD Positioning to contribute to development Impact Manufacturing & Exports Development All Investments aligned to environment sustainability Agriculture Financing Energy Financing Education Financing Delivering development Impact Affordable Housing & Infrastructure 4
SDG CENTER & BRD SDG CENTER & DEVELOPMENT BANK OF RWANDA PARTNERSHIP THE UN 2030 AGENDA
Working with the SDG center. The Why 6
Working with SDG center We entered into a working partnership set out to achieve the following objectives Facilitate a long-term collaboration between the BRD and the SDG Center based on similar and complementary interests and capacities, as well as willingness to work together on key matters related to sustainable development and the achievement of the SDGs in Rwanda. Strengthen the development, adaptation and delivery of the best practices, knowledge, technologies and policies to improve attainment of the SDGs in Rwanda through enhancing the capacity of the BRD to identify, analyze, develop and finance SDGs-related projects within Rwanda 7
Highlights of the Work carried out and a few of the achievements Carried out an institutional review which covered Governance, Strategy, Operations, Financial Health including Capitalization, Credit and investment processes, Fund mobilization, Risk Management, Human Resource Management, Monitoring & Reporting, and Regulation. The review also coincided with our Mid-term strategy review which allowed the opportunity to incorporate and align SDG s to our strategy and our National Strategy for Transformation NST1. The reviewed allowed to: Aligning BRD Aligning BRD operations & operations & Strategy with Strategy with SDGs SDGs Review of Credit Process &Development of Project Appraisal Manual Institutional Assessment M & E Plan & M & E Plan & Framework Framework Revamp credit and investment processes to create efficiencies and accountability. Design Fund Mobilisation strategies and approaches through creating attractive investment stories. Develop of an M&E Plan and Framework. M&E is not new but aggregating and communicating development impact in an integrated way is. What gets measured gets done. Fund Fund Mobilization Mobilization Strategy & Strategy & Approaches Approaches Review of the current regulatory framework and its applicability to developments banks 9
The Way Foreword-Focus Areas Making BRD ready for SDG implementation SDGs Continuous alignment and adaptation of operations and strategy of BRD with SDGs Strategy & Operations Strengthening capacity in project proposal design, assessment and implementation of SDG imbedded projects Enhancing institutional capacity in the area of fundraising for financing SDG imbedded projects Enhancing research and ESG impact monitoring mechanism Strengthening institutional coordination on resource mobilization, policy and initiatives Getting ready for Institutional Rating by well known rating agencies Institutional Capacity 12
Thanks 13
