Burkina Faso COVID-19 Crisis-Response Development Policy Financing

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Closed

The development objective of the COVID-19 Crisis-Response Development Policy Financing in Burkina Faso expands economic opportunities for growth, building crisis-adaptive capacity of the state, and improving fiscal transparency and accountability. The program is organized around three pillars. The first pillar seeks to expand economic opportunities for growth through selected interventions in agriculture and the business environment. The nation-wide scale-up of the e-voucher distribution system makes subsidy distribution for high quality agricultural inputs (e.g. fertilizer and seeds) more efficient, transparent and resilient, which improves the productivity and incomes of smallholder farmers. Expanding the coverage of the main credit bureau will allow financial institutions to better assess risks and widen the pool of potential clients, particularly Micro, Small and Medium Enterprises (MSMEs). The second pillar seeks to build the crisis-adaptive capacity of the state, which - if it had been in place at the onset of the COVID-19 crisis - would have helped the Government respond faster and more effectively. For example, the One Health Technical Secretariat will provide the coordination framework that is so urgently needed. The third pillar improves fiscal transparency and accountability through measures tackling the governance of crisis-funds, including through more public oversight, and public debt management and reporting.

World Bank Group

Project

Water Supply and Storage, Fertilizers, Commercial, Raw Materials, Government