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AFD provides 4,1 billion FCFA to sub-regional projects in West Africa

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Friday, 27 May 2011

AFD provides 4,1 billion FCFA to sub-regional projects in West Africa

The French development agency (AFD) has attributed 4,1 billion FCFA to the West African Economic and Monetary Union (UEMOA) in order to subsidise projects related to health and rural development, APA learned from the Commission. 3,5 billion FCFA will be allocated to a project that extends health care coverage in the member states of the Union. The project aims to “increase the number of people covered against illness risks while helping sub-regional institutions to assist the States in the formulation and implementation of their national strategies,” according to the UEMOA Commission. Among others, the project aims to establish pilot experience with regard to voluntary health insurance, to develop exchanges around sickness risk coverage and to reinforce the competencies of the UEMOA in health issues. Another 590 million FCFA is intended for the departments for rural development, natural resources and environment at the UEMOA Commission. The funds are supposed to support the development of five priority sectors of the Union: the initiation of a regional fund for agricultural development, international trade, the establishment of a regional land observatory for West Africa, support to the States in land questions and the coordination between agricultural policies in the Union.

Source: Afrique Avenir