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

World Bank ; International Finance Corporation

International Finance Corporation, Washington, DC

关键词: PRIVATE SECTOR DEVELOPMENT;    SMALL AND MEDIUM ENTERPRISES;    MACROECONOMIC MANAGEMENT;    GOVERNANCE;    INVESTMENT CLIMATE;   

RP-ID  :  141449

学科分类：社会科学、人文和艺术（综合）

来源: World Bank Open Knowledge Repository

【 摘 要 】

A small landlocked economy in the heartof West Africa’s French-speaking Sahel, Burkina Faso ischaracterized by its modest economic size, with a rapidpopulation growth, with one of the highest per capita birthrates in the world. Burkina Faso needs to create 300,000jobs annually to match its demographic growth, while aboutninety percent of its workers are in the informal sector.Despite sustained robust economic growth over the past twodecades driven by cotton and gold exports, privateinvestment is low. Compounding the considerable developmentchallenges that it faces, Burkina Faso is currentlyconfronted by acute security and climatic threats, togetherwith emerging fiscal risks. This country private sectordiagnostic (CPSD) therefore investigates whetheropportunities exist for the private sector to contributemore substantially to Burkina Faso’s development.The CPSDproposes a platform for action aimed at boosting BurkinaFaso’s development through greater private sectorinvestment. The remainder of the report provides an overviewof: (i) the private sector environment; (ii) thecross-cutting constraints to the private sector; (iii) thecritical enabling sector bottlenecks to the private sector;(iv) the opportunities for the private sector; and (v) aseries of priority private sector focused recommendations.