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THE INTERMINISTERIAL COMMITTEE HOLDS ITS FIRST SESSION
The Environmental Intervention Fund (FIE) organised the first session of the inter-ministerial committee for the management of the credit funds of the former Project to Support the Development of Cashew in the Comoé Basin for the Reduction of Emissions due to Deforestation and Forest Degradation (PADA/REDD+) , this Wednesday, October 29, 2025, in Ouagadougou.
The meeting was chaired by the representative of the Secretary General of the Ministry of Environment, Water and Sanitation, Ahmed KARAMA, who welcomed the holding of this session and encouraged members to participate diligently in the work.
The overall objective of the session was to ensure effective management and monitoring of the credit funds of the former PADA/REDD+ program. More specifically, the members aimed to familiarize themselves with the management mechanism of the former PADA/REDD+ credit funds and the responsibilities of the inter-ministerial committee for credit fund management; to assess the status of the credit fund portfolio; to develop an activity program; and to make recommendations for improved credit fund management.
The participants in the session are representatives from the Ministry of Environment, Water and Sanitation; the Ministry in charge of Finance; the Ministry in charge of Agriculture; the Federation of People's Credit Unions of Burkina Faso (FCPB) and resource persons.
As a reminder, within the framework of cooperation between Burkina Faso and the African Development Bank (AfDB), the Ministry of Environment, Water and Sanitation benefited from the technical and financial support of the AfDB for the implementation of PADA/REDD+, for the period 2017-2022.
The PADA/REDD+ project aimed to contribute to the reduction of rural poverty and to increase carbon sequestration capacity. Its area of intervention covered three (03) regions of the Comoé Basin: Cascades, Hauts Bassins and Sud-Ouest.
An agreement has been signed between PADA/REDD+ and the Federation of People's Credit Unions of Burkina Faso (FCPB) for the management of the Working Capital Fund and the Investment Fund. As part of the financing process, the loan agreement stipulates the transfer of the project's financial assets to the Environmental Intervention Fund (FIE), which will be responsible for the financial management of the credit line resources through an agreement signed with the Federation of People's Credit Unions of Burkina Faso (FCPB), an organization with extensive experience in providing local financial services to producers.
To this end, a technical committee to reflect on the mechanism for managing working capital and investments intended to finance actors in the cashew sector in the PADA/REDD+ intervention zone was established in October 2024. The work of this committee led to the development of a mechanism for managing post-project credit funds which includes the creation of an inter-ministerial committee to monitor account movements and approve financing projects.
The methodological approach adopted by the committee members was based on plenary sessions, presentations followed by discussions. Technical and financial reports were the deliverables produced at the end of the session.
DCRP/FIE
