Public Management

Burkina Faso : Government secures CFA131 billion for the PNES

Friday, 22 December 2017 13:32

(Ecofin Agency) - 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.

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