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and regulatory frameworks. To that end, a document has been developed to
provide investment policy guidelines within a framework law in order to
establish coherent and clear, harmonized, attractive routes-to-market to
facilitate the decision to invest. The creation of the Investment Promotion
Agency (API) in July 2012 will help in targeting, receiving and assisting
investors.
Besides, the government has opted for Public-Private Partnerships (PPP).
They are a credible alternative for constructing infrastructure and providing
economic services that can boost sustainable growth and consequently the
economic and social development of a country. According to UNDP, PPP
describes the spectre of possible relationships to ensure delivery of public
services in close collaboration.
The PPPs have the advantage of attracting direct foreign investors and,
thereby,
promoting
the
creation
of
new
jobs,
reducing
government
indebtedness and ensuring optimal allocation of resources. However, the
non-adaptation of the legal, regulatory and fiscal framework, and lack of
adequate specialized human resources and monitoring of contract may
impede the implementation of PPPs.
In Burkina Faso, PPP projects exist. They include notably the construction of
public warehouses for exporters, the railway company SITARAIL, the Société
de transport en commun de Ouagadougou (SOTRACO).
To diversify the country’s economy and promote PPP, the Projet pôle de
croissance de Bagré (PPCB) also called “Bagrépôle” was launched in April
2012. Estimated to cost about sixty-seven (67,000,000,000) billion CFA
francs, it is the most important agro-industrial project ever established by
Burkina Faso. It is funded with a World Bank grant of one hundred and
fifteen million (115,000,000) US dollars.
Information and sensitization workshops on the PPCB were organized in all
the regions of the country. The objective was to enable the different actors to
know the project better. It should contribute to the increase in economic
activity in the Bagré region, with positive impacts and effects on the national