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Cotton Export Financing
Details
Location:Burkina Faso
Category:Unspecified/other
Status:Completion and evaluation
Sectors:Private Sector & Trade, Agriculture & Rural Development
Languages:English
Contracting authority:
Description
Cotton Export Financing
Burkina Faso
| Borrower | Burkina Faso |
| Financing Type | Private Sector & Trade Finance |
| Instrument | Trade |
| Focus Area | Financial |
| Approved | 17.01.2023 |
| Signed | 26.02.2023 |
| Status | Ongoing |
| Loan Administrator | ITFC |
| Co-financiers | ITFC, Other 5 FIs |
| OPEC Fund Contribution (US$m) | 28.06 |
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tender Background
About the Funding Agency
The OPEC Fund for International Development (OFID) is the intergovernmental development finance institution established in 1976 by the Member States of the Organization of the Petroleum Exporting Countries (OPEC). OFID was conceived at the Conference of the Sovereigns and Heads of State of OPEC Member Countries, which was held in Algiers, Algeria, in March 1975. A Solemn Declaration of the Conference "reaffirmed the natural solidarity which unites OPEC countries with other developing countries in their struggle to overcome underdevelopment," and called for measures to strengthen cooperation between these countries.
About the Sectors
Private Sector & Trade
Entails initiatives that promote entrepreneurship, strengthen competitive markets, and expand domestic and international trade opportunities.
Key areas:
- Private sector development and SME/MSME support
- Entrepreneurship, start-ups, and business growth initiatives
- Trade facilitation, import/export, and market access
- Commerce, retail/wholesale, and free trade mechanisms
Agriculture & Rural Development
Comprises agricultural production and rural development activities aimed at improving food systems, livelihoods, and living conditions in rural and non-urban areas.
Key areas:
- Crop cultivation and livestock production
- Agricultural inputs, practices, and equipment
- Rural development and support to farming communities
Locations
Burkina Faso
Burkina Faso continues to address infrastructure gaps amid ongoing development challenges by mobilizing external financing and multilateral support for transport, digital and basic services. Recent World Bank‑supported projects are strengthening climate‑resilient road and rail networks to improve connectivity and trade, and expanding digital infrastructure and public services to drive growth and inclusion. Urban mobility and basic infrastructure investments in secondary cities are helping improve access to services and economic opportunities for populations affected by instability and climate shocks. While security and fiscal constraints complicate implementation, infrastructure development remains a core component of the country’s medium‑term growth and resilience strategies.
Nr. of tenders: 16390
Nr. of grants: 3600
Nr. of donors: 726
Nr. of jobs: 61
Nr. of tenders: 16390
Nr. of grants: 3600
Nr. of donors: 726
Nr. of jobs: 61
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