UN-supported project to bolster incomes of 20,000 households in Burkina Faso
Some 20,000 households in Burkina Faso will receive a boost in income thanks to a new $16.9 million project backed by the United Nations International Fund for Agriculture Development (IFAD) which will help the rural poor produce, process and sell different food commodities.
Some 20,000 households in Burkina Faso will receive a boost in income thanks to a new $16.9 million project backed by the United Nations International Fund for Agriculture Development (IFAD) which will help the rural poor produce, process and sell different food commodities.
The Agricultural Commodity Chain Support Project will focus on a range of activities involving cowpea, sesame, goats, sheep, poultry and onions in the north of the West African country. Farmers, pastoralists and local entrepreneurs will learn how to process these products and make them more marketable so they can be sold at a higher price.
About 1,000 economic interest groups, 800 farmer initiatives and 200 trader and processor groups will be involved in the Project’s activities.
An agreement was signed yesterday at IFAD headquarters in Rome by IFAD President Lennart Båge and Burkina Faso’s Ambassador Mamadou Sissoko cementing the programme’s financing. IFAD will contribute $13.8 million in loans, the Government of Burkina Faso and local participants together will put more than $3 million towards the project.