Add us as your preferred source on Google to see more of our content in Search.
Add to Preferred SourcesMr. Christian Adovelande, President of BOAD, and Mrs. Hadizatou Rosine Coulibaly Sori, Minister of Economy, Finance and Development of Burkina Faso, signed two loan agreements concerning the stormwater drainage improvement project in the city of Ouagadougou and the support programme to the development of local economies (PADEL) in Burkina Faso.
The stormwater drainage improvement project in the city of Ouagadougou financed to the tune of XOF10 billion, will include the construction of the outlet inside and downstream the Bangr Wéogo park.
The implementation of such project, consisting of various improvements, will contribute to improved access of the population to sustainable sanitation service by increasing the number of persons with access to such service. In addition, 6,858 indirect and induced jobs will be created in the area of waste management.
As regards the support programme to the development of local economies (PADEL), BOAD will provide Burkina Faso with XOF30 billion. As such, it is planned to:
- provide an integrated local development kit (KIT-DELI), which is a minimum investment package constituted based on the specifics of each region;
- provide micro-credits to 15,000 very small and micro-enterprises; and
- build technical and entrepreneurial capacities for micro-enterprises and producers’ organizations.
These two operations, bringing the Bank’s overall commitments in the country to XOF564.8 billion, will contribute significantly to the attainment of the objectives set under the Burkina Faso’s national economic and social development plan (PNDES), which was put in place to ensure the structural transformation of the Burkinabe economic and foster a strong, sustainable, resilient and inclusive growth, creating decent jobs for all and resulting in improved social well-being.
Original source: BOAD
Published on 31 May 2018