Burkina Faso, AfDB review progress on $1.8bn partnership as interim strategy nears completion
Burkina Faso and the African Development Bank (AfDB) held a high-level dialogue on Monday to assess the progress of the Interim Country Strategy Paper (ISP) 2022–2025, which is set to conclude at the end of this year.
The meeting focused on reviewing achievements, identifying challenges, and exploring prospects to strengthen bilateral cooperation.
The discussions come as the implementation period of the African Development Fund-16 (ADF-16) enters its final phase with four new operations valued at a total of $187 million scheduled for approval by the AfDB Board before December 2025, Sidwaya reports.
Burkina Faso's Minister of Economy, Aboubakar Nacanabo, indicated that the ISP mobilised over $700 million, surpassing the projected $682 million. These funds have supported 15 projects across sectors, including rural development, infrastructure, energy, water and sanitation, education, health, and governance.
Since beginning its operations in Burkina Faso in 1970, the AfDB has approved 115 projects totaling $1.8 billion. Speaking at the meeting, AfDB Vice President for Regional Development, Integration and Business Delivery Nnenna Nwabufo, described the current portfolio as "diversified," noting improvements in project quality and an increase of 8.34 million UA in Burkina Faso’s ADF allocation for 2025.
"The volume and diversity of commitments underscore the strength of the partnership between the Bank and Burkina Faso over more than five decades," Nwabufo said. She reaffirmed the bank’s commitment to supporting the country’s development priorities.
Minister Nacanabo echoed this sentiment, calling the results "a reflection of the excellent quality of cooperation." He noted that the ISP provides a framework for clear, predictable interventions and enables early action to address implementation challenges.
The AfDB delegation assured continued support aligned with Burkina Faso’s national development agenda.
