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Framework. This scientific model makes projections of annual revenues by
heading, based on previous actual expenditures. The results of projections
by this model are based on the performance of each by nature and by
income.
2.3. Combating money laundering
The fight against money laundering was based on improvement of the
legislative arrangement, which had a lot of shortcomings. To that end,
Decree 2012-1136/PRES/PM/MEF of 31 December 2012 on designation of
the competent authority in charge of administrative freezing in application
of the law against terrorism financing was adopted, as well as two orders.
One concerned the attributions, organization, and functioning of CENTIF
and the other attributions of the competent authority for administrative
freezing in application of the law on the fight against terrorism financing.
CENTIF prepared its 2012 quarterly and annual activity reports.
These reports were presented to the competent authorities, namely BCEAO
and the Ministry of Economy and Finance.
Finally, CENTIF signed 11 cooperation agreements with its counterparts in
Belgium, France, Nigeria, Ghana, Morocco, Monaco, Cape Verde, Mauritius,
Algeria and Chad.
2.4. Sub-regional integration
In the year 2012, Burkina Faso undertook actions aimed at accelerating
sub-regional integration. Thus the country adopted a strategy for developing
the transport sector which takes into account Community requirements. In
the same vein, it initiated a technical study on the sub-regional motorway
project. Studies for the construction of the motorway between Yamoussoukro
in the Republic of Côte d’Ivoire and Ouagadougou are ongoing.
In terms of management of international economic and financial relations,
Burkina
Faso
formulated
the
national
component
of
development
programmes of the West African Economic and Monetary Union (WAEMU),
with the inclusion of 7 development projects of Burkina Faso in the second