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    Burkina Faso-Agriculture-Financing

    EU approves €117m loan for Burkina Faso’s agriculture

    APA-Ouagadougou (Burkina Faso)

    The European Union has just approved a € 117 million (CFAF 76.746 billion) loan for Burkina Faso in an effort to support the country’s Program for Food Security, Nutrition, Sustainable Agriculture and Resilience (PASSANAD), APA learned from the ministry of Agriculture.

    This support is part of the 11th European Development Fund (EDF) and has the overall objective of contributing to the reduction of poverty in Burkina Faso by improving governance in the area of food and nutrition security and resilience.

    The five-year project (2017-2021) will enable Burkina Faso to improve its financial capacity to achieve the objectives of the national food and nutrition security policy. It will also enable the implementation of institutional and political reforms of food and nutrition security and sustainable agriculture while meeting the basic needs of the population in terms of food security.

    The current cooperation between Burkina Faso and the European Union is based on the National Indicative Program (NIP) of the 11th EDF.

    In the initial total amount of € 623 million (CFAF 408.66 billion), the fund is centered around the governance (€ 325 million), health (€ 80 million), food and nutrition security and agriculture and water (€ 190 million).


    TT/cat/pn/abj/APA

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