The International Fund for Agricultural Development (IFAD) has announced a significant investment of 121 billion CFA Francs to support agricultural development in Burkina Faso.
This initiative aims to strengthen the country’s farming sector, improve resilience against climate risks, and promote sustainable agricultural growth.
Speaking in Ouagadougou, IFAD’s Regional Director, Bernard Hien, revealed the funding after a meeting with Burkinabe Minister of Foreign Affairs, Jean Marie. He highlighted that this additional support will be introduced by December, in collaboration with the Burkinabe Ministry of Agriculture.
This new funding comes on top of IFAD’s existing portfolio of 182 billion CFA Francs, reinforcing the organization’s commitment to boosting food security, enhancing productivity, and supporting smallholder farmers.
He also noted that special attention will be given to climate risk management and green financing projects, helping communities adapt to environmental challenges in the Sahel region.
With this additional 121 billion CFA Francs, IFAD aims to bolster Burkina Faso’s agricultural sector and improve the livelihoods of millions of farmers.
Source: WAVN