Public Management

Burkina Faso : Government secures CFA131 billion for the PNES

Friday, 22 December 2017 13:32

Rosine Coulibaly, the Burkinabe minister of economy, has signed last Monday five financing agreements valued at CFA131 billion with technical and financial partners. These monies will be injected in the National Economic and Social Development Plan (PNDES). 

The first agreement (for CFA42 billion) concluded with the World Bank should support reforms initiated in the areas of energy and government’s budget management.

The second agreement (CFA20.8 billion) concluded with the International Fund for Agricultural Development (IFAD). It will benefit the Agricultural Sectors’ Promotion Support Project (PAPFA) which aims at boosting output of the four main sectors that are rice, fresh vegetables, sesame and cowpea.

Valued at CFA60.13 billion, the third agreement inked with AfDB will help finance the project to lay asphalt on the Goughin-Fada, N’Gourma-Pièga-Niger Border axis. The project overall requires an investment of CFA126 billion.   

The fourth agreement was concluded with China which will provide a CFA1.5 billion subsidy to Burkina Faso for the establishment of an interventional cardiology and angiography department at the Tengandog Hospital.  

The last agreement was concluded with the French Development Agency (AFD) which will provide CFA6.56 billion as budget support and aid for debt settlement.

Additional Info

  • communiques: Non
  • couleur: N/A
On the same topic
Company seeks to raise 485.8 billion naira through share offering Funds to support expansion and reduce debt Strategy aims to boost local sugar...
AFC raises $100 million from India’s Exim Bank over five years Funding to support infrastructure and industrial projects in Africa Deal reflects...
New fund aims to mobilize CFA200 billion to finance 300,000 projects Targets SMEs and rural economy through Sharia-compliant financing Move seeks to...
France will provide a €100 million ($117.5 million) loan to support urban infrastructure in South Africa. The funding complements a $925...
Most Read
01

(EBID) - EBID aims to allocate nearly 41% of its commitments to projects with environmental and...

EBID makes giant strides for a green transition in west africa
02

Mahindra & Mahindra is considering a CKD assembly plant near Durban to strengthen its presence i...

Mahindra & Mahindra Eyes Major Shift to Full Vehicle Assembly in South Africa
03

AFC disbursed €43 million for Côte d’Ivoire solar project Financing supports 66 MW pla...

AFC Backs First Green Project Finance Bond for 66MW Côte d’Ivoire Solar Plant
04

Operators review 2025 investments, outline 2026 expansion plans Consumer complaints persist...

Cameroon Presses Telecom Operators on Service Quality as Complaints Rise
05

MTN Ghana launches crackdown on mobile money agent fraud Audits trigger warnings, suspensions...

MTN Ghana tightens controls on mobile money agents over fraud concerns
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.