Petroleum Products Import Financing
Petroleum Products Import Financing
Last update: Nov 8, 2023
Last update: Nov 8, 2023
Petroleum Products Import Financing

Details

Location:
Burkina Faso
Burkina Faso
Category:
Unspecified/other
Status:
Approval
Sectors:
Energy, Private Sector & Trade
Languages:
English
Eligibility:
Unknown
Budget:
USD 21,460,000
Date posted:
Nov 8, 2023

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Associated Awards

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Project cycle timeline

STAGES
EARLY INTELLIGENCE
PROCUREMENT
IMPLEMENTATION
Cancelled
Status
Programming
Formulation
Approval
Forecast
Open
Closed
Shortlisted
Awarded
Evaluation
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Description

Petroleum Products Import Financing Burkina FasoBorrower: Burkina FasoFinancing Type: Private Sector & Trade FinanceInstrument: TradeFocus Area: FinancialApproved: 24.02.2023Signed: 10.08.2023Status: OngoingLoan Administrator: ITFCCo-financiers: ITFC,
Hidden
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By Locations
Funding agency:
EIB
Status:
approval
Location:
Angola, Antigua and Barbuda, Bahamas, Barbados, Belize, Benin, Burkina Faso, Burundi, Cameroon, Cape Verde, Central African Republic, Chad, Comoros, Congo, Cook Islands, Cote d'Ivoire, Cuba, Dem. Rep. Congo, Djibouti, Dominica, Commonwealth of, Dominican Republic, Equatorial Guinea, Eritrea, Eswatini (Swaziland), Ethiopia, Fiji, Gabon, Ghana, Grenada, Guinea, Guinea-Bissau, Guyana, Haiti, Jamaica, Kenya, Kiribati, Lesotho, Liberia, Madagascar, Malawi, Mali, Marshall Islands, Mauritania, Mauritius, Micronesia, Mozambique, Namibia, Nauru, Niger, Nigeria, Niue, Palau, Papua New Guinea, Rwanda, Saint Kitts and Nevis, Saint Lucia, Saint Vincent and the Grenadines, Samoa, Sao Tome and Principe, Senegal, Seychelles, Sierra Leone, Solomon Islands, Somalia, South Africa, Sudan, Suriname, Tanzania, Togo, Tonga, Trinidad and Tobago, Tuvalu, Uganda, Vanuatu, Zambia, Zimbabwe
tender Background

About the Funding Agency

OPEC Fund for International Development

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

Energy

Involves the production, transformation, transportation, and distribution of energy from renewable and non-renewable sources.


Key areas:
  • Renewable and non-renewable energy production
  • Energy infrastructure and distribution systems
  • Power generation and energy supply solutions

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

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: 16424
Nr. of grants: 3760
Nr. of donors: 743
Nr. of jobs: 31
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