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HISTORIC

The Intervention Fund for the Environment (FIE) was established in the first Environmental Code in 1994. It has been renewed in the following two revisions of this code. In 2013, the Ministry of the Environment, the Green Economy and Climate Change (MEEVCC) implemented a participative and concerted process of reflection, with the technical and financial support of the PASF program financed by the Luxembourg and Luxembourg cooperations. Swedish. This process involved all the players in the Environment sector (public services, private sector, development partners, NGOs and associations, local authorities, etc.). It resulted in drafts of texts in 2014, proposing a state establishment status of the State, in the category of State Funds, for the FIE. The two decrees operationalizing the FIE were then adopted in July 2015 by the Government, paving the way for the concrete implementation of the fund.

At the same time, the MEEVCC implemented a so-called "pre-FIE" pilot phase in the Hauts Bassins, Center-Ouest and then Nord regions. It resulted in two calls for projects in 2013 and 2014, in order to draw the necessary lessons for the efficient implementation of the FIE.

 

MISSIONS

Created by Decree No. 2015 - 838 / PRES-TRANS / PM / MEF / MERH of 13 July 2015, the Intervention Fund for the Environment (FIE) is a financial instrument designed to be a source of national and international financing.

The FIE has the status of State Public Establishment (EPE) classified as State Fund. It is placed under the technical supervision of the Ministry in charge of the environment and the financial supervision of the Ministry in charge of finances.

The main mission of the FIE is to contribute to the achievement of Burkina Faso's environmental objectives, and in particular:

  • reducing current trends of environmental degradation and thus related economic losses;
  • the fight against the harmful effects of climate change;
  • economic development of the country by creating wealth and income in the environment and natural resources sectors;
  • poverty reduction through an appropriate mode of intervention for the direct and indirect beneficiaries of the environmental actions financed by the Fund. 

As such, the FIE is mainly responsible for: 

  • mobilize and manage national and international financing for the environment in Burkina Faso;
  • allocate financing (subsidies) or financial incentives (interest rate subsidies, loan guarantees) to the various groups of national actors according to their management and environmental protection skills;
  • monitor and report on the use of funds received and financial support allocated.

 

OBJECTIVES

The objectives of the FIE integrate the three (03) dimensions of sustainable development. These objectives are as follows:

  • Contribute to the achievement of Burkina Faso's environmental objectives to support strong and sustainable growth in the country and reduce poverty in the medium and long term.
  • Promote the economic development of the country by creating wealth and income in the environment and natural resources sectors (supporting the development of a green economy, promising sectors or the creation of green jobs).
  • To fight against poverty thanks to a mode of intervention taking into account the poorest populations and the vulnerable categories, often those most exposed to the degradation of the environment and natural resources (to favor the access of the vulnerable groups - women and young people - to funding).