Burkina Faso Receives $481 Million in US Aid

  15 July 2008

The United States has announced a $481- million aid package aimed at reducing poverty in Burkina Faso.

A statement from the U.S. government's Millennium Challenge Corporation says the five-year agreement will help the west African nation improve roads, agricultural productivity, and primary education for girls.

The grant was announced Monday in Washington after a signing ceremony attended by Burkina Faso's President Blaise Compaore and U.S. Secretary of State Condoleezza Rice.

The Millennium Challenge Corporation gives grants to countries that show a commitment to good governance, economic freedom and the elimination of extreme poverty.  The Bush administration launched the fund in 2004.

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