Home Economy Mining fund for local development: communes and regions become billionaires

Mining fund for local development: communes and regions become billionaires

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The Local Development Mining Fund (LDMF) was created in the 2025 Mining Code. It is funded by 1% of the turnover of operating mining companies and 20% of the proportional royalties collected by the state. The LDMF started operating in 2019. From 2019 to the end of 2021, more than 121 billion FCFA have been collected, distributed and transferred to the benefit of the communes and regions of Burkina Faso.

This amount, collected in just a few years, exceeds the funding of some international cooperation agencies in the same period. This sum was transferred to the communes and regions, most of which were experiencing difficulties in mobilising substantial financial resources to implement their communal and regional development plans.

The major challenge is to make good use of these resources and to take into account the specific needs of women and young people.

The attached tables show the mining communes and regions that have benefited most from the Mining Fund.

Elie KABORE

#Mines_Actu_Burkina

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