Burkina Faso: Seventh Poverty Reduction Support Credit (PRSC-7)

July 5, 2007

IDA CREDIT: US$90 million
TERMS: Grace = 10 years; Maturity = 40 years.
PROJECT DESCRIPTION: The PRSC-7 is the first of a third series of PRSCs in support of Burkina Faso’s Poverty Reduction Strategy (PRS), adopted in 2000 and updated in 2004. This new series of PRSCs (7, 8 and 9) will support the acceleration of real growth and the reduction of poverty incidence in Burkina Faso by: (i) improving the investment climate and promoting exports; (ii) improving access to basic social services through deepened decentralization and strengthened institutional capacity; and (iii) promoting efficiency, transparency and accountability in the use of public resources through enhanced public financial management.

Media Contacts
Timothy T. Carrington
Tel : (202) 473 8133