AfDB commits $21 million for sustainable development in the agricultural sector
The Burundian government and the African Development Bank (AfDB) have just agreed to release 21 million dollars to support the sustainable development of agricultural and livestock value chains.
The agreements that will enable 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 officer of the African Development Bank (AfDB) in Burundi. The funding is for the implementation of the Project to Support the Sustainable Development of Agriculture and Livestock Value Chains in Burundi (PADCAE-B).
The aim of this government initiative is to “contribute in a sustainable way” to improving food and nutritional security and increasing the incomes of 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 fight against fragility and improve financing for climate resilience. The Burundian government’s PADCAE-B is therefore in line with the strategic objectives of this mechanism of the AfDB Group, 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 associated with the introduction of new agricultural technologies, in line with the Bank’s strategic priorities, the “High 5″, and its Country Strategy Paper (CSP 2019-2023) for Burundi,” says Daniel Ndoye, the African Development Bank’s Country Officer in Burundi.
In the provinces of Ngozi, Kirundo and Muyinga where the project will be implemented, the Burundian government believes that it will enable the development, integrated land management, restoration and land security; the development of agricultural and livestock value chains; as well as institutional support through capacity building of local actors in the agricultural sector. – Afrik21.com