Burkina Faso: Eighth Poverty Reduction Support Credit (PRSC-8)

WASHINGTON, September 23, 2008- The following project was approved today by the World Bank’s Board of Executive Directors:

 

IDA Credit: US$100 million

TERMS: Maturity = 40 years; Grace= 10years

Project Description: This project, the second of a series of three Poverty Reduction Support Credits, aims to support the acceleration of real growth and the reduction of poverty incidence in Burkina Faso by supporting action to: (i) improve the investment climate and promote exports; (ii) improve access to basic services through deepened decentralization; and (iii) promote efficiency, transparency and accountability in the use of public resources through enhanced public financial management.

 

Media Contact

Rachel McColgan-Arnold

(202) 458 5299

rmccolgan@worldbank.org

 

For more project information please visit: http://web.worldbank.org/external/projects/main?pagePK=64283627&piPK=73230&theSitePK=40941&menuPK=228424&Projectid=P099010