Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow

The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate a...

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Main Author: World Bank
Format: Country Economic Memorandum
Language:English
en_US
Published: Washington, DC 2013
Subjects:
GDP
GNP
IRD
Online Access:http://documents.worldbank.org/curated/en/2010/09/17181003/burkina-faso-promoting-growth-competitiveness-diversifi-cation-country-economic-memorandum-vol-2-3-sources-growth-key-sectors-tomorrow
http://hdl.handle.net/10986/12360
id okr-10986-12360
recordtype oai_dc
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
en_US
topic AGRICULTURAL PRODUCTIVITY
AGRICULTURAL PRODUCTS
AGRICULTURE
AGRONOMIC PRACTICES
AGRONOMY
ANIMAL
ANIMAL TRACTION
BANK LOANS
BANKRUPTCY
BENCHMARKING
BENEFIT ANALYSIS
BIDDING
BIOTECHNOLOGY
BRAND
BREEDING
BUTTER
CAPITA CONSUMPTION
CAPITAL GAIN
CENTRAL BANK
CEREAL PRODUCTION
CEREALS
CHEMICAL FERTILIZERS
CHEMICAL INPUTS
COFFEE
COMMERCIAL BANKS
COMMODITY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
CONSUMER PRICE
CONSUMER PRICE INDEX
CONSUMERS
COTTON
COTTON CULTIVATION
COTTON GROWING
COTTON MARKETING
COTTON PRICE
COTTON PRICES
COTTON PRODUCTION
COTTON SECTOR
COTTON SEED
COTTON SEED OIL
COTTON YIELDS
COTTON ZONE
COTTONSEED
CROP
CROPS
DEBT
DECENTRALIZATION
DEMOGRAPHICS
DEVALUATION
DEVELOPED COUNTRIES
DEVELOPMENT AGENCY
DEVELOPMENT POLICY
DIVIDENDS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC STRUCTURE
ECONOMIC THEORY
EFFECTIVE STRATEGY
ENVIRONMENTAL
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PROBLEMS
EXPENDITURE
EXPLOITATION
EXPORT MARKET
EXPORTS
EXTERNALITIES
FARM
FARM HOUSEHOLDS
FARM INCOME
FARM MANAGEMENT
FARM POPULATION
FARMER
FARMER ORGANIZATIONS
FARMERS
FARMING
FARMS
FERTILITY MANAGEMENT
FERTILIZER
FERTILIZERS
FINANCIAL CRISIS
FLOOR PRICE
FLORICULTURE
FOOD PRODUCTION
FOOD SECURITY
FORECASTS
GDP
GEOLOGY
GNP
GROSS DOMESTIC PRODUCT
GROSS MARGIN
GROSS NATIONAL PRODUCT
GROSS VALUE
GROWTH POTENTIAL
GROWTH RATE
HARVESTING
HARVESTS
HUMAN CAPITAL
HYBRID
INCIDENCE OF POVERTY
INNOVATION
INSECT CONTROL
INTERNATIONAL MARKET
IRD
LABOR FORCE
LAND PRODUCTIVITY
LIVESTOCK
LIVESTOCK FARMING
LONG-TERM SUSTAINABILITY
MACROECONOMIC STABILITY
MAIZE
MANGOES
MANURE
MARGINAL FARMERS
MARKET CONDITIONS
MARKET INSTRUMENTS
MARKET SHARE
MARKET VALUE
MILK
MINES
MONOPOLIES
MONOPOLY
MORAL HAZARD
MULTIPLIERS
NATIONAL ECONOMY
ONIONS
ORGANIZATIONAL STRUCTURE
OVERVALUATION
PASTORAL PRODUCTION
PER CAPITA INCOME
PEST CONTROL
PLANT GENETICS
PLANT PATHOLOGY
POVERTY REDUCTION
PRICE CHANGE
PRICE CHANGES
PRICE DECREASE
PRICE FLUCTUATIONS
PRICE INCREASE
PRICE MECHANISM
PRICE RISK
PRICE SETTING
PRICE SUPPORT
PRICES INDEX
PRODUCE
PRODUCER GROUPS
PRODUCER ORGANIZATION
PRODUCER PRICE
PRODUCER PRICES
PRODUCERS
PRODUCTION COST
PRODUCTION COSTS
PRODUCTION ENVIRONMENT
PRODUCTION INCREASES
PRODUCTION OF COTTON
PRODUCTIVE ASSETS
PRODUCTIVITY GROWTH
PROFITABILITY
PUBLIC GOODS
PURCHASE PRICE
PURCHASING
QUALITY STANDARDS
RESEARCH AGENDA
RICE
RISK MANAGEMENT
SALE
SALES
SEED
SEED COTTON
SEED PRODUCTION
SEED TECHNOLOGY
SESAME
SMALL FARMERS
SOIL FERTILITY
SPREAD
STATISTICAL ANALYSIS
SUBSTITUTION
SUPPLY CHAIN
SUPPLY CHAIN MANAGEMENT
SURPLUS
SUSTAINABLE DEVELOPMENT
TAX REVENUES
TELECOMMUNICATIONS
TOTAL FACTOR PRODUCTIVITY
TRADE FAIRS
VALUE ADDED
VOLATILITY
WAGES
WORLD MARKET
WORLD MARKETS
YIELDS
spellingShingle AGRICULTURAL PRODUCTIVITY
AGRICULTURAL PRODUCTS
AGRICULTURE
AGRONOMIC PRACTICES
AGRONOMY
ANIMAL
ANIMAL TRACTION
BANK LOANS
BANKRUPTCY
BENCHMARKING
BENEFIT ANALYSIS
BIDDING
BIOTECHNOLOGY
BRAND
BREEDING
BUTTER
CAPITA CONSUMPTION
CAPITAL GAIN
CENTRAL BANK
CEREAL PRODUCTION
CEREALS
CHEMICAL FERTILIZERS
CHEMICAL INPUTS
COFFEE
COMMERCIAL BANKS
COMMODITY
COMPETITIVENESS
CONCEPTUAL FRAMEWORK
CONSUMER PRICE
CONSUMER PRICE INDEX
CONSUMERS
COTTON
COTTON CULTIVATION
COTTON GROWING
COTTON MARKETING
COTTON PRICE
COTTON PRICES
COTTON PRODUCTION
COTTON SECTOR
COTTON SEED
COTTON SEED OIL
COTTON YIELDS
COTTON ZONE
COTTONSEED
CROP
CROPS
DEBT
DECENTRALIZATION
DEMOGRAPHICS
DEVALUATION
DEVELOPED COUNTRIES
DEVELOPMENT AGENCY
DEVELOPMENT POLICY
DIVIDENDS
ECONOMIC COOPERATION
ECONOMIC DEVELOPMENT
ECONOMIC GROWTH
ECONOMIC PERFORMANCE
ECONOMIC STRUCTURE
ECONOMIC THEORY
EFFECTIVE STRATEGY
ENVIRONMENTAL
ENVIRONMENTAL MANAGEMENT
ENVIRONMENTAL PROBLEMS
EXPENDITURE
EXPLOITATION
EXPORT MARKET
EXPORTS
EXTERNALITIES
FARM
FARM HOUSEHOLDS
FARM INCOME
FARM MANAGEMENT
FARM POPULATION
FARMER
FARMER ORGANIZATIONS
FARMERS
FARMING
FARMS
FERTILITY MANAGEMENT
FERTILIZER
FERTILIZERS
FINANCIAL CRISIS
FLOOR PRICE
FLORICULTURE
FOOD PRODUCTION
FOOD SECURITY
FORECASTS
GDP
GEOLOGY
GNP
GROSS DOMESTIC PRODUCT
GROSS MARGIN
GROSS NATIONAL PRODUCT
GROSS VALUE
GROWTH POTENTIAL
GROWTH RATE
HARVESTING
HARVESTS
HUMAN CAPITAL
HYBRID
INCIDENCE OF POVERTY
INNOVATION
INSECT CONTROL
INTERNATIONAL MARKET
IRD
LABOR FORCE
LAND PRODUCTIVITY
LIVESTOCK
LIVESTOCK FARMING
LONG-TERM SUSTAINABILITY
MACROECONOMIC STABILITY
MAIZE
MANGOES
MANURE
MARGINAL FARMERS
MARKET CONDITIONS
MARKET INSTRUMENTS
MARKET SHARE
MARKET VALUE
MILK
MINES
MONOPOLIES
MONOPOLY
MORAL HAZARD
MULTIPLIERS
NATIONAL ECONOMY
ONIONS
ORGANIZATIONAL STRUCTURE
OVERVALUATION
PASTORAL PRODUCTION
PER CAPITA INCOME
PEST CONTROL
PLANT GENETICS
PLANT PATHOLOGY
POVERTY REDUCTION
PRICE CHANGE
PRICE CHANGES
PRICE DECREASE
PRICE FLUCTUATIONS
PRICE INCREASE
PRICE MECHANISM
PRICE RISK
PRICE SETTING
PRICE SUPPORT
PRICES INDEX
PRODUCE
PRODUCER GROUPS
PRODUCER ORGANIZATION
PRODUCER PRICE
PRODUCER PRICES
PRODUCERS
PRODUCTION COST
PRODUCTION COSTS
PRODUCTION ENVIRONMENT
PRODUCTION INCREASES
PRODUCTION OF COTTON
PRODUCTIVE ASSETS
PRODUCTIVITY GROWTH
PROFITABILITY
PUBLIC GOODS
PURCHASE PRICE
PURCHASING
QUALITY STANDARDS
RESEARCH AGENDA
RICE
RISK MANAGEMENT
SALE
SALES
SEED
SEED COTTON
SEED PRODUCTION
SEED TECHNOLOGY
SESAME
SMALL FARMERS
SOIL FERTILITY
SPREAD
STATISTICAL ANALYSIS
SUBSTITUTION
SUPPLY CHAIN
SUPPLY CHAIN MANAGEMENT
SURPLUS
SUSTAINABLE DEVELOPMENT
TAX REVENUES
TELECOMMUNICATIONS
TOTAL FACTOR PRODUCTIVITY
TRADE FAIRS
VALUE ADDED
VOLATILITY
WAGES
WORLD MARKET
WORLD MARKETS
YIELDS
World Bank
Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
geographic_facet Africa
description The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open economy, Burkina Faso is heavily investing in growth based on increased productivity to overcome its low level of initial human capital, capacity constraints and regulation. To help define the new model of development of Burkina Faso, the Country Economic Memorandum is exploring growth based on productivity both at macro-, meso-economic or sectoral, micro and institutional levels only. It also assesses the sustainability of growth in the human, demographic, financial, fiscal and physical infrastructure. Wherever possible, it evaluates the performance of previous development programs and provides diagnostics on problems. It analyzes the current situation in terms of challenges and opportunities. Several major constraints on growth have been identified and the Memorandum offers practical ways to reduce or mitigate them. These constraints are: i. The frequency of exogenous shocks on agriculture in Burkina Faso, especially cotton, significantly slows the socio-economic development; ii. The real appreciation of the exchange rate has eroded the price competitiveness; iii. The country's attractiveness to foreign direct investment, despite significant progress in the business environment, limited growth potential; iv. The high fertility rates impede growth per capita and social development beginning with human capital; v. Environmental constraints limit the extensive growth of agriculture, while food security is always a challenge for human development; vi. The vulnerability of poor households prevents them from truly engaging in productive economic activities; vii. Constraints on institutional and human capacities reduce the effectiveness of public policies. The first volume of the Memorandum emphasizes the need for Burkina Faso to consider the macroeconomic and microeconomic constraints to growth and competitiveness, draws attention to the low sophistication of its exports and suggests policy instruments to facilitate the promotion of export and investment led by the private sector. The second volume emphasizes (i) the need for appropriate choices to ensure the viability of the cotton sector, (ii) the development of supply chains to achieve food security, growth and import substitution, (iii) the important role in the mining sector for growth, with good revenue management, and finally (iv) the potential of tourism as an industry will depend on the service quality improvements and the accommodation capacity and infrastructure. The third volume identifies the actions necessary to (i) address the issues of demographic change through better information, education and communication campaigns to bring about behavioral changes, (ii) develop instruments of risk management to manage the risks of economic, social, health, natural and food security, (iii) improve the country's access to regional and international markets, better connections to regional transport infrastructure, electricity, and telecommunications, water services and improved irrigation systems, (iv) exploiting the financial intermediation by new mechanisms of access to credit, reform the financial sector and institutional capacity building in financial management and risk in the business sector, and (v) create and use the budget by prioritizing expenditures, ensuring the collection of revenue and increasing the flow of aid.
format Economic & Sector Work :: Country Economic Memorandum
author World Bank
author_facet World Bank
author_sort World Bank
title Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
title_short Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
title_full Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
title_fullStr Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
title_full_unstemmed Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow
title_sort burkina faso - promoting growth, competitiveness and diversification : country economic memorandum, volume 2. sources of growth - key sectors for tomorrow
publisher Washington, DC
publishDate 2013
url http://documents.worldbank.org/curated/en/2010/09/17181003/burkina-faso-promoting-growth-competitiveness-diversifi-cation-country-economic-memorandum-vol-2-3-sources-growth-key-sectors-tomorrow
http://hdl.handle.net/10986/12360
_version_ 1764419567722954752
spelling okr-10986-123602021-04-23T14:03:00Z Burkina Faso - Promoting Growth, Competitiveness and Diversification : Country Economic Memorandum, Volume 2. Sources of Growth - Key Sectors for Tomorrow World Bank AGRICULTURAL PRODUCTIVITY AGRICULTURAL PRODUCTS AGRICULTURE AGRONOMIC PRACTICES AGRONOMY ANIMAL ANIMAL TRACTION BANK LOANS BANKRUPTCY BENCHMARKING BENEFIT ANALYSIS BIDDING BIOTECHNOLOGY BRAND BREEDING BUTTER CAPITA CONSUMPTION CAPITAL GAIN CENTRAL BANK CEREAL PRODUCTION CEREALS CHEMICAL FERTILIZERS CHEMICAL INPUTS COFFEE COMMERCIAL BANKS COMMODITY COMPETITIVENESS CONCEPTUAL FRAMEWORK CONSUMER PRICE CONSUMER PRICE INDEX CONSUMERS COTTON COTTON CULTIVATION COTTON GROWING COTTON MARKETING COTTON PRICE COTTON PRICES COTTON PRODUCTION COTTON SECTOR COTTON SEED COTTON SEED OIL COTTON YIELDS COTTON ZONE COTTONSEED CROP CROPS DEBT DECENTRALIZATION DEMOGRAPHICS DEVALUATION DEVELOPED COUNTRIES DEVELOPMENT AGENCY DEVELOPMENT POLICY DIVIDENDS ECONOMIC COOPERATION ECONOMIC DEVELOPMENT ECONOMIC GROWTH ECONOMIC PERFORMANCE ECONOMIC STRUCTURE ECONOMIC THEORY EFFECTIVE STRATEGY ENVIRONMENTAL ENVIRONMENTAL MANAGEMENT ENVIRONMENTAL PROBLEMS EXPENDITURE EXPLOITATION EXPORT MARKET EXPORTS EXTERNALITIES FARM FARM HOUSEHOLDS FARM INCOME FARM MANAGEMENT FARM POPULATION FARMER FARMER ORGANIZATIONS FARMERS FARMING FARMS FERTILITY MANAGEMENT FERTILIZER FERTILIZERS FINANCIAL CRISIS FLOOR PRICE FLORICULTURE FOOD PRODUCTION FOOD SECURITY FORECASTS GDP GEOLOGY GNP GROSS DOMESTIC PRODUCT GROSS MARGIN GROSS NATIONAL PRODUCT GROSS VALUE GROWTH POTENTIAL GROWTH RATE HARVESTING HARVESTS HUMAN CAPITAL HYBRID INCIDENCE OF POVERTY INNOVATION INSECT CONTROL INTERNATIONAL MARKET IRD LABOR FORCE LAND PRODUCTIVITY LIVESTOCK LIVESTOCK FARMING LONG-TERM SUSTAINABILITY MACROECONOMIC STABILITY MAIZE MANGOES MANURE MARGINAL FARMERS MARKET CONDITIONS MARKET INSTRUMENTS MARKET SHARE MARKET VALUE MILK MINES MONOPOLIES MONOPOLY MORAL HAZARD MULTIPLIERS NATIONAL ECONOMY ONIONS ORGANIZATIONAL STRUCTURE OVERVALUATION PASTORAL PRODUCTION PER CAPITA INCOME PEST CONTROL PLANT GENETICS PLANT PATHOLOGY POVERTY REDUCTION PRICE CHANGE PRICE CHANGES PRICE DECREASE PRICE FLUCTUATIONS PRICE INCREASE PRICE MECHANISM PRICE RISK PRICE SETTING PRICE SUPPORT PRICES INDEX PRODUCE PRODUCER GROUPS PRODUCER ORGANIZATION PRODUCER PRICE PRODUCER PRICES PRODUCERS PRODUCTION COST PRODUCTION COSTS PRODUCTION ENVIRONMENT PRODUCTION INCREASES PRODUCTION OF COTTON PRODUCTIVE ASSETS PRODUCTIVITY GROWTH PROFITABILITY PUBLIC GOODS PURCHASE PRICE PURCHASING QUALITY STANDARDS RESEARCH AGENDA RICE RISK MANAGEMENT SALE SALES SEED SEED COTTON SEED PRODUCTION SEED TECHNOLOGY SESAME SMALL FARMERS SOIL FERTILITY SPREAD STATISTICAL ANALYSIS SUBSTITUTION SUPPLY CHAIN SUPPLY CHAIN MANAGEMENT SURPLUS SUSTAINABLE DEVELOPMENT TAX REVENUES TELECOMMUNICATIONS TOTAL FACTOR PRODUCTIVITY TRADE FAIRS VALUE ADDED VOLATILITY WAGES WORLD MARKET WORLD MARKETS YIELDS The main conclusion of Country Economic Memorandum is that the previous model of extensive growth has now exhausted its potential and must be renewed. Given the existing population dynamics, low environmental tolerance due to its Sahelian climate and competition forces imposed due to its open economy, Burkina Faso is heavily investing in growth based on increased productivity to overcome its low level of initial human capital, capacity constraints and regulation. To help define the new model of development of Burkina Faso, the Country Economic Memorandum is exploring growth based on productivity both at macro-, meso-economic or sectoral, micro and institutional levels only. It also assesses the sustainability of growth in the human, demographic, financial, fiscal and physical infrastructure. Wherever possible, it evaluates the performance of previous development programs and provides diagnostics on problems. It analyzes the current situation in terms of challenges and opportunities. Several major constraints on growth have been identified and the Memorandum offers practical ways to reduce or mitigate them. These constraints are: i. The frequency of exogenous shocks on agriculture in Burkina Faso, especially cotton, significantly slows the socio-economic development; ii. The real appreciation of the exchange rate has eroded the price competitiveness; iii. The country's attractiveness to foreign direct investment, despite significant progress in the business environment, limited growth potential; iv. The high fertility rates impede growth per capita and social development beginning with human capital; v. Environmental constraints limit the extensive growth of agriculture, while food security is always a challenge for human development; vi. The vulnerability of poor households prevents them from truly engaging in productive economic activities; vii. Constraints on institutional and human capacities reduce the effectiveness of public policies. The first volume of the Memorandum emphasizes the need for Burkina Faso to consider the macroeconomic and microeconomic constraints to growth and competitiveness, draws attention to the low sophistication of its exports and suggests policy instruments to facilitate the promotion of export and investment led by the private sector. The second volume emphasizes (i) the need for appropriate choices to ensure the viability of the cotton sector, (ii) the development of supply chains to achieve food security, growth and import substitution, (iii) the important role in the mining sector for growth, with good revenue management, and finally (iv) the potential of tourism as an industry will depend on the service quality improvements and the accommodation capacity and infrastructure. The third volume identifies the actions necessary to (i) address the issues of demographic change through better information, education and communication campaigns to bring about behavioral changes, (ii) develop instruments of risk management to manage the risks of economic, social, health, natural and food security, (iii) improve the country's access to regional and international markets, better connections to regional transport infrastructure, electricity, and telecommunications, water services and improved irrigation systems, (iv) exploiting the financial intermediation by new mechanisms of access to credit, reform the financial sector and institutional capacity building in financial management and risk in the business sector, and (v) create and use the budget by prioritizing expenditures, ensuring the collection of revenue and increasing the flow of aid. 2013-02-14T18:14:31Z 2013-02-14T18:14:31Z 2010-09 http://documents.worldbank.org/curated/en/2010/09/17181003/burkina-faso-promoting-growth-competitiveness-diversifi-cation-country-economic-memorandum-vol-2-3-sources-growth-key-sectors-tomorrow http://hdl.handle.net/10986/12360 English en_US CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo/ World Bank Washington, DC Economic & Sector Work :: Country Economic Memorandum Economic & Sector Work Africa