European Union
European Union

The European Union (EU) will disburse 7 billion CFA Francs (about 11 million U.S. dollars) to support Burkina Faso’s electoral process, an official source said on Wednesday.

European Union
European Union
Most of the money will be disbursed during the transition period, said Burkina Faso’s government spokesman Frederic Nikiema.
Besides that, EU will also give Burkina Faso a loan of 109 million U.S. dollars as budgetary support for the 2015-2016 financial year, he said.
He added that the World Bank had given Burkina Faso budgetary support of 101 million dollars to support efforts to fight against poverty and unemployment.
Burkina Faso is currently going through a transition period following the fall of Blaise Compaore’s regime in October last year. The country is set to hold its general elections in October. Enditem

Source: Xinhua

Disclaimer: News Ghana is not responsible for the reportage or opinions of contributors published on the website.

Send your news stories to [email protected] and via WhatsApp on +1-508-812-0505 

Previous articleMeridian-Marshall Holdings Opens Maiden Public Offer On GSE
Next articleFire Rendered Five Persons Homeless
Xinhua News Agency, Xinhuanet is an important central news service-oriented website, an important information organ of the central government, and an important platform for building up China's online international communication capacity. Established on November 7, 1997, as an online news provider of the Xinhua News Agency, it was officially named Xinhuanet on March 10, 2000 and began around-the-clock news release with leading online public opinion at home and setting a good image of China abroad as its main task.

LEAVE A REPLY

Please enter your comment!
Please enter your name here