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Burkina mulls fund for prority investments

The government of Burkina Faso is considering the creation of a Deposits and Consignments Fund (CDC-BF), to meet its needs for priority investment, the country’s Prime Minister has said.Billed to be the first of its kind in Burkina Faso, the proposed fund is for the mobilization of domestic savings to meet the long-term financing needs for infrastructure development.

The CDC-BF will be responsible for “collecting and mobilizing long-term financial resources to ensure the adequate financing of the structuring investments of the state and local authorities and restructuring of strategic enterprises facing difficulties.”

The Caisse, which will be operational by July, will benefit from the support of the French Development Agency (AFD), the expertise of its French counterpart (CDC France) and France’s Development Finance Institution (PROPARCO).

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