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IFC supports Burkina's housing bank.

The World Bank's private investment arm, the International Finance Corporation (IFC), has reached an agreement with Banque de l 'Habitat du Burkina Faso to support housing finance.

Banque de l 'Habitat du Burkina Faso is the first bank in the country dedicated to housing loans.

The IFC will also provide a strong advisory services programme to strengthen the bank's operations, particularly in risk management, and mortgage and property finance, as the bank embarks on a major growth phase.

"The partnership between IFC and BHBF will be fruitful for both institutions, as it expands access to housing for a large number of Burkinabes," commented Pierre Zerbo, chief executive of the bank.

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Publication:African Banker
Geographic Code:6BURK
Date:Apr 13, 2011
Words:122
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