Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
A small landlocked economy in the heart of West Africa’s French-speaking Sahel, Burkina Faso is characterized by its modest economic size, with a rapid population growth, with one of the highest per capita birth rates in the world. Burkina Faso nee...
| Main Authors: | , |
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| Format: | Report |
| Language: | English |
| Published: |
International Finance Corporation, Washington, DC
2019
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| Subjects: | |
| Online Access: | http://documents.worldbank.org/curated/en/372671567686715880/Country-Private-Sector-Diagnostic http://hdl.handle.net/10986/32401 |
| Summary: | A small landlocked economy in the heart
of West Africa’s French-speaking Sahel, Burkina Faso is
characterized by its modest economic size, with a rapid
population growth, with one of the highest per capita birth
rates in the world. Burkina Faso needs to create 300,000
jobs annually to match its demographic growth, while about
ninety percent of its workers are in the informal sector.
Despite sustained robust economic growth over the past two
decades driven by cotton and gold exports, private
investment is low. Compounding the considerable development
challenges that it faces, Burkina Faso is currently
confronted by acute security and climatic threats, together
with emerging fiscal risks. This country private sector
diagnostic (CPSD) therefore investigates whether
opportunities exist for the private sector to contribute
more substantially to Burkina Faso’s development. The CPSD
proposes a platform for action aimed at boosting Burkina
Faso’s development through greater private sector
investment. The remainder of the report provides an overview
of: (i) the private sector environment; (ii) the
cross-cutting constraints to the private sector; (iii) the
critical enabling sector bottlenecks to the private sector;
(iv) the opportunities for the private sector; and (v) a
series of priority private sector focused recommendations. |
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