It is via Lala signature of three financing agreements totalling $470 million (approximately 266 billion FCFA) that the World Bank has formalized its commitment to the realization of projects entering the sectors of education, water supply drinking and health. Burkina Faso and the global financial institution proceeded on Tuesday, August 21, 2018 in Ouagadougou to the signing of these agreements.
The first agreement relates to the financing of the higher education support project (PAES) by donating an amount of $70 million. The objective is to strengthen higher education institutions to improve access and provide quality education in priority areas such as agriculture, agri-food, logistics associated with the value chain, entrepreneurial training, trade, health sciences, promotion of teacher training to modern practices of teaching mathematics and science for the development of Burkina Faso.
The second agreement relates to the financing of the water supply and sanitation programme in the total amount of $300 million. It consists of an IDA donation in the amount of $50 million and a "scale up facility" credit of $250 million. The programme is to improve access to water and sanitation services in targeted areas.
The third agreement relates to the financing of the health services strengthening project (PRSs) with donations totalling $100 million, consisting of an IDA donation in the amount of $80 million and a grant from the global financing facility (GFF) in the amount of 20 $1 million The objective of the project is to improve the quality and utilization of health services by paying particular attention to the health of mothers, children and adolescents, nutrition and disease surveillance.
It should be noted that the signing of these agreements took place on the occasion of the visit to Burkina Faso of a World Bank mission led by its Vice-President, Africa, Hafez Ghanem. Thus, the number of operations of the institution in favour of the country to a quarantine, to the benefit of thirty projects for a total volume of 2 339,520,000 $.
It should also be recalled that, in the framework of the implementation of the national economic development plan (Pndes), the World Bank undertook, at the donors ' round table, held in Paris in December 2016, to accompany Burkina Faso to the tune of 3.8 $1 billion As a result, the current portfolio brings 35 transactions to 28 projects for a total volume of $1 869,520,000.