Luxembourg will donate the amount of 60 million euros in development aid to Burkina Faso between 2017 and 2021.
The details were revealed from the Indicative Programme of Cooperation (IPC) for the same period. Luxembourg’s Cooperation Minister Romain Schneider and Burkina Faso’s Minister of Economy, Finance and Development Hadizatou Rosine Coulybaly/Sori signed the most recent IPC agreement on November 21, 2016.
Minister Schneider visited the West African country from February 18 to 20 to discuss conclusions of the previous IPC programme, and projects for the new programme.
Aligned with Burkina Faso’s national plans
The Indicative Programme of Cooperation 2017-2021 (IPC III) will concentrate on funding projects in the areas of sustainable management of natural resources, education, technical education and professional formation, and information and communication technologies.
According to Luxembourg’s Cooperation Ministry, IPC III aligns itself with Burkina Faso’s national plan for economic and social development for the 2016-2020 period.
Of the 60 million euros, some 47 million are earmarked for bilateral cooperation, 9 million for multilateral cooperation, 3.5 million for additional support and 200,000 euros for an education and technical assistance fund.
Luxembourg put Burkina Faso on its list of privileged partners back in 1998 and has been donating funds to the West African country in the framework of IPC since 2003.
In 2006, a Luxembourg cooperation office was set up in Ouagadougou, the capital of Burkina Faso. The office is accredited to Burkina Faso and Niger.