OPEC fund signs $20 mil loan to support agriculture in Burundi

The OPEC Fund for International Development has signed a $20 million public sector loan agreement with Burundi, which will co-finance a project to strengthen food security, expand access to marketplaces and strengthen agricultural infrastructure to benefit over 700,000 people who derive their livelihoods from agriculture. The project, ‘Agricultural Production Intensification and Vulnerability Reduction Project in Burundi’, is co-financed by the government of Burundi, the International Fund for Agricultural Development, and the World Food Programme.  It supports Sustainable Development Goal (SDG) 1, which aims to end poverty in all its forms; and SDG 2, which focuses on ending hunger and improving food security and nutrition, as well as promoting sustainable agriculture. The OPEC Fund has worked with Burundi since its inception 45 years ago and committed close to $232 million in public sector financing, including the present loan.