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Ratification of loan agreement: In Burkina, deputies vote on 2 bills

17/09/2024
Source : ORISHAS-FINANCE
Categories: Sectors

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Le jeudi September 12, 2024, during a plenary session held in Ouagadougou, the deputies of the Transitional Legislative Assembly (ALT) voted unanimously 2 bills authorizing the ratification of a loan agreement.

The first project was related to the loan agreement to finance the West African Development Bank's capital increase project. And the second concerned the financing of the Burkina Faso Integrated Livestock Value Chains Development Project (PDCVIE-BF). Through these projects, Burkina Faso wants to strengthen its participation in increasing the capital of the West African Development Bank (BOAD) by issuing new shares for an amount of 30.8 billion FCFA. The loan will be returned to BOAD to finance Burkina Faso's contribution to the increase in the capital of the financial institution. This financing is a loan, signed on May 24, 2023, in Sharm El Sheikh (Egypt), between the Burkinabe side and the Arab Bank for Economic Development in Africa (BADEA) with an interest rate of 2% and a maturity of

25 years.

Aussi, au cours de cette séance plénière, les députés ont également autorisé la ratification de l' accord de prêt signé, le 26 février 2024, entre le Burkina Faso et la Banque africaine de développement ( BAD), for the financing of the project to develop integrated livestock value chains in Burkina Faso (PDCVIE-BF). This financing, worth more than 23 billion CFA francs, with a maturity of 50 years, will be used to meet the needs of the “Bobo Dioulasso slaughterhouse project”, said the minister delegated to the Minister of Agriculture, Animal and Fisheries Resources, in charge of Animal and Fishery Resources, in charge of Animal and Fishery Resources Amadou Dicko. This project aims to improve the living conditions, health and nutritional security of populations in the Boucle du Mouhoun, Hauts-Bassins, Cascades and South-West regions

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