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Burkina Faso and the Netherlands government signed an agreement on Thursday, in which the Dutch government would provide 21 billion cfa (US $30 million) to support a three year poverty reduction strategy.
The agreement is in support of the West African country's 2002-2004 poverty reduction and growth facility program, a joint communique signed by the Burkina Faso finance minister Jean Baptiste Compaore and the Netherlands Ambassador, Alphonse Hennekens reported.
The money would be allocated to sectors that benefit the most vulnerable people in the country and to reduce development disparities within the regions of the country, the communique added.
Hennekens said the funds were allocated, among other reasons, because Burkina Faso was among the first countries in the region to adopt a poverty reduction strategy. "Burkina Faso has been implementing a prudent macro economic policy that sustains economic growth," he said.
The Dutch government in 2001, allocated 12 million cfa ($13 million) for poverty reduction programmes in Burkina Faso.
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