Burundi expects to receive up to USD79 million worth of grants from the African Development Fund and the World Bank as support for its road improvement and agricultural development initiatives.
The African Development Fund, which is the concessionary lending arm of the African Development Bank, has approved a USD36 million grant for the rehabilitation of a road between Nyangungu and Ngozi in northern Burundi. Improving this road is part of a larger road development project that aims to propel trade between northern and southern Burundi as well as between the country and its immediate neighbor, Rwanda.
Meanwhile, the World Bank will provide USD43 million for the development of Burundi’s agricultural sector, Reuters reports. The grant will help finance the country’s Agricultural Rehabilitation and Support project, according to a World Bank official.