Burkina Faso: New MCC funding

Issue 422 - 10 Sep 2020

The US government’s Millennium Challenge Corporation (MCC) signed a $450m compact agreement on 13 August focusing on the power sector. In addition to the $450m pledged by MCC for this second compact with Burkina Faso, the Burkinabè government has pledged to invest $50m in the compact’s projects. The compact aims to benefit 8m people through strengthening regulations and institutions, improving energy infrastructure, increasing generation capacity, and source diversification.This will include improved access to electricity for the two largest cities, Ouagadougou and Bobo-Dioulasso.

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