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Development of Burkina Faso: the AfDB plans to support 21 projects at a cost of 500 billion CFA francs

15/05/2025
Categories: Economy/Forex

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At a press breakfast held on Wednesday 14 May 2025 in Ouagadougou, the African Development Bank (AfDB) reaffirmed its unwavering support for the development of Burkina Faso.

The meeting, which was attended by key figures from the institution, including the AfDB's country manager in Burkina, Daniel Ndoye, and the lead economist for the West Bank region, Marcellin Ndong Ntah, provided an opportunity to take stock of achievements, perspectives and the importance of collaboration with the African Development Bank's Western Region, Marcellin Ndong Ntah. Dias. The Vice President of the Regional Development, Integration and Service Delivery Complex, Nnenna Nwabufo, said that “to date, 115 projects have been approved for a cumulative amount of commitments of nearly 1.8 billion US dollars, or more than 1.2 trillion CFA francs. The portfolio currently consists of 21 projects with a total amount of $851 million, or about 500 billion CFA francs. This level of commitment illustrates the importance that the Bank attaches to Burkina Faso and its desire to support the country in its development ambitions.” These projects affect areas as varied as road infrastructure, agriculture, agriculture, energy, water and sanitation, but also the social sector.

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