Wednesday, 11 May 2016

EU commits CFA 262 billion to Burkina economic initiatives

The European Union will provide Burkina Faso with CFA262.3 billion for the implementation of its economic initiatives, according to the Economy and Finance Ministry on Tuesday. The money will be invested particularly in initiatives to strengthen good governance, health, agriculture and hydraulics and also in new areas of cooperation, including security and sub-regional cooperation, EU officials in Burkina Faso explained. The EU general budgetary support to Burkina Faso is estimated at about CFA 1,000 billion between 2009 and 2014.