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EU gives US $310.8 million for anti-poverty battle

Country Map - Burkina Faso (Ouagadougou) IRIN
Burkina Faso
    OUAGADOUGOU

    The European Union announced on Friday it would give Burkina Faso the local equivalent of US $310.8 million - from 2002-2007 -to support the government's anti-poverty drive, the union's country representative and the Burkinabe Finance Ministry announced.

    "The EU wants to reiterate its commitment to back the Burkina Faso people's efforts to alleviate poverty," Antonio Velasquez, the EU representative, said.

    The aid accord, signed on Thursday in Ouagadougou, the Burkinabe capital, will be ploughed into rural development and food security, basic education, health, economic reforms and roads building. These are sectors earmarked for action in the government's Strategic Paper for Poverty Reduction.

    The money is being drawn from the European Development Fund that supports development in the African, Caribbean and Pacific group of countries that have special trade relations with the European Union.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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