France Supports Burkina Faso’s Economy with $36m

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France is to grant $36 million (CFA19.65 billion) to Burkina Faso to help develop socio-economic projects in the West African country.

According to terms of the deal, two-thirds of the amount – about $24 million – will be provided as a subsidy to fund projects in agriculture, natural resources management and food security.

The rest of the  $12 million to be provided as a concessional loan, will be used to implement the National Economic and Social Development Plan (PNDES), a social intervention programme initiated by the government to combat poverty.

In 2017, the country received CFA131 billion ($246.1 million) under a financing for PNDES.

 

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