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Burkina Faso Country Financing Parameters Note
This note describes the application of the Bank’s new policy on expenditure eligibility in World Bank financing for Burkina Faso. The new financing parameters were discussed with the Government in December 2004 and comments have been incorporated. It is recommended that Burkina Faso should make full use of the greater flexibility in expenditure eligibility when and where appropriate. The Bank may finance project costs up to 100 %. The Bank may also finance recurrent and local costs in any proportion needed for individual projects. As of now, there are no excessive taxes and duties, and the Bank may finance taxes and duties in project costs. The changes are expected to remove obstacles to project implementation (including inadequate counterpart funds), allowing the Bank to assist the authorities in achieving PRSP and MDG objectives.