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Project financing and programs: World Bank and Burkina Faso sign three loan agreements worth 276 billion CFA francs

01/06/2023
Source : ORISHAS FINANCE
Categories: Sectors

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On Monday, May 29, 2029, a financing agreement signing ceremony between the World Bank and Burkina Faso took place. The signing took place in Ouagadougou

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Le ministre de l' Economics , Finance and Foresight, Dr. Aboubakar NACANABO, and the Resident Representative of the World Bank in Burkina Faso, Maimouna Mbow FAM, signed three loan agreements totalling 276 billion CFA francs to finance 2 projects and a program. Indeed, the first agreement is estimated at 90 billion CFA francs and will make it possible to finance the Programme for Resilience, Local Governance and Basic Services (PREGOLS

).

The second agreement provides 96 billion CFA francs in funding for the Entrepreneurship, Skills Development and Technological Adoption Support Project (PAEDCAT). This project is established for a period of 6 years. The third agreement, worth 90 billion CFA francs and lasting 6 years, concerns the implementation of the Resilience and Competitiveness of Livestock Industry in Burkina Faso (PRECLE)

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