BURUNDI: AfDB commits $21 million for agricultural sector
The Burundian government and the African Development Bank (AfDB) have just agreed to release $21 million to support the sustainable development of agriculture and livestock value chains.
The agreements that will allow Burundi to obtain 21 million dollars for the sustainable development of its agriculture were signed between the Burundian Minister of Finance, Budget and Economic Planning, Domitien Ndihokubwayo, and Daniel Ndoye, the country manager of the African Development Bank (ADB) in Burundi. The funding is intended for the implementation of the Support Project for the Sustainable Development of Agricultural and Livestock Value Chains in Burundi (PADCAE-B).
The objective of this government initiative is to "contribute in a sustainable manner" to improving food and nutritional security as well as increasing the incomes of the Burundian populations, particularly those in the provinces of Kirundo, Muyinga and Ngozi. Of the financing provided by the AfDB, $13 million comes from the African Development Fund (ADF).
The other part of the envelope is provided by the Transition Support Facility (TSF), a mechanism set up by the AfDB to address fragility and improve climate resilience financing. The Burundian government's PADCAE-B is therefore in line with the strategic objectives of this AfDB Group mechanism, which has already mobilized 2 billion dollars for low-income countries.
“The project will thus contribute to increasing productivity and promoting value chains through the implementation of sustainable and environmentally friendly agricultural practices. These are associated with the introduction of new agricultural technologies, in accordance with the Bank's strategic priorities (High 5), and its Country Strategy Paper (CSP 2019-2023) for Burundi", explains Daniel Ndoye, Country Manager of the African Development Bank in Burundi.
In the provinces of Ngozi, Kirundo and Muyinga where the project will be implemented, the Burundian government believes that it will enable development, integrated land management, restoration and securing, development of agricultural value chains and livestock, as well as institutional support through capacity building of local actors in the agricultural sector.
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