The OPEC Fund for International Development (OFID) has granted a loan of $20 million to the Agricultural Promotion Support Project (PAPFA) in Burkina Faso. Valued at $71.7 million, this program aims to increase farmers' productivity and income by strengthening four sub-sectors namely rice, market gardening, sesame, and cowpea.

The initiative targets the Cascades, Hauts Bassins and Boucle du Mouhoun regions. It will help producers adopt efficient practices in the cultivation, processing, and storage of their crops.

“This latest loan from the OPEC Fund demonstrates our continued commitment to a country that is striving to maintain hope despite the challenges it faces. This is our way of telling them that we are their partner,” said Abdulhamid Alkhalifa, OFID's Executive Director.

PAPFA is also supported by the International Fund for Agricultural Development (IFAD) with $38 million. It is expected to benefit 57,000 households in the targeted areas.