Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience

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...

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Bibliographic Details
Main Authors: World Bank, International Finance Corporation
Format: Report
Language:English
Published: International Finance Corporation, Washington, DC 2019
Subjects:
PRIVATE SECTOR DEVELOPMENT
SMALL AND MEDIUM ENTERPRISES
MACROECONOMIC MANAGEMENT
GOVERNANCE
INVESTMENT CLIMATE
BUSINESS ENVIRONMENT
ACCESS TO FINANCE
LABOR SKILLS
ENERGY
TRANSPORT
AGRICULTURE
MINING
Online Access:http://documents.worldbank.org/curated/en/372671567686715880/Country-Private-Sector-Diagnostic
http://hdl.handle.net/10986/32401
id okr-10986-32401
recordtype oai_dc
spelling okr-10986-324012021-05-25T09:27:44Z Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience World Bank International Finance Corporation PRIVATE SECTOR DEVELOPMENT SMALL AND MEDIUM ENTERPRISES MACROECONOMIC MANAGEMENT GOVERNANCE INVESTMENT CLIMATE BUSINESS ENVIRONMENT ACCESS TO FINANCE LABOR SKILLS ENERGY TRANSPORT AGRICULTURE MINING 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. 2019-09-17T19:14:41Z 2019-09-17T19:14:41Z 2019-07-01 Report http://documents.worldbank.org/curated/en/372671567686715880/Country-Private-Sector-Diagnostic http://hdl.handle.net/10986/32401 English Country Private Sector Diagnostic; CC BY-NC-ND 3.0 IGO http://creativecommons.org/licenses/by-nc-nd/3.0/igo International Finance Corporation International Finance Corporation, Washington, DC Economic & Sector Work Economic & Sector Work :: PSD, Privatization and Industrial Policy Africa Burkina Faso
repository_type Digital Repository
institution_category Foreign Institution
institution Digital Repositories
building World Bank Open Knowledge Repository
collection World Bank
language English
topic PRIVATE SECTOR DEVELOPMENT
SMALL AND MEDIUM ENTERPRISES
MACROECONOMIC MANAGEMENT
GOVERNANCE
INVESTMENT CLIMATE
BUSINESS ENVIRONMENT
ACCESS TO FINANCE
LABOR SKILLS
ENERGY
TRANSPORT
AGRICULTURE
MINING
spellingShingle PRIVATE SECTOR DEVELOPMENT
SMALL AND MEDIUM ENTERPRISES
MACROECONOMIC MANAGEMENT
GOVERNANCE
INVESTMENT CLIMATE
BUSINESS ENVIRONMENT
ACCESS TO FINANCE
LABOR SKILLS
ENERGY
TRANSPORT
AGRICULTURE
MINING
World Bank
International Finance Corporation
Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
geographic_facet Africa
Burkina Faso
relation Country Private Sector Diagnostic;
description 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.
format Report
author World Bank
International Finance Corporation
author_facet World Bank
International Finance Corporation
author_sort World Bank
title Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
title_short Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
title_full Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
title_fullStr Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
title_full_unstemmed Creating Markets in Burkina Faso : Growing Burkina Faso’s Private Sector and Harnessing it to Bolster Economic Resilience
title_sort creating markets in burkina faso : growing burkina faso’s private sector and harnessing it to bolster economic resilience
publisher International Finance Corporation, Washington, DC
publishDate 2019
url http://documents.worldbank.org/curated/en/372671567686715880/Country-Private-Sector-Diagnostic
http://hdl.handle.net/10986/32401
_version_ 1764476472232247296

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