EXECUTIVE SUMMARY _____________________________________________________________________ 2.5 Problems and challenges of economic governance. The first challenge is to build consensus among the different components of society around the vision defined by the authorities for the construction of an emerging economy by 2025, to convert it into coherent strategies and programmes, and to define responsible and well-coordinated institutions for its implementation. The second challenge is to achieve high and sustained economic growth that promotes equitable distribution from both social and geographical points of view. This growth should be based on a multiparty policy that relies on sectors that involve most of the population, and that can stimulate job creation. 2.6 The third challenge is to overcome the problem of being a landlocked country. Burkina Faso needs to exploit its central position in West Africa. This, in turn, offers opportunities to the country and enables it to develop ways and processes for integrating the subregion. The fourth challenge concerns the nature of the sustainable human development (SHD) to be promoted. Here, the main challenge is the capacity to move from the Poverty Reduction Strategic Framework (PRSF) inspired by structural adjustment programmes to an authentic SHD strategy. The fifth challenge is to mobilise its human and material resources and, especially, its financial resources. Here, the challenges for Burkina Faso are to use its human resources as a force for SHD, and to enlarge and diversify its bases for mobilising financial resources. 2.7 Problems and challenges of corporate governance. The development of an emerging economy by 2025 demands that enterprises in general, and private enterprises in particular, fully play their roles as drivers of growth. In that regard, the first challenge facing Burkina today and tomorrow is to learn how to make the private sector the driver of social and regional economic growth, especially distributive growth. It needs to build promising partnerships that will enable it to contribute to the achievement of an emerging country. 2.8 Secondly, it is necessary that, in this partnership, the state succeeds in promoting corporate governance that attracts more foreign direct investment (FDI) by capitalising on the advantages of its political stability, its central position, its cheap labour and the creativity of its human resources. The third challenge is to mobilise its enormous diaspora to transfer capital so that it can become an important lever of distributive economic growth. 2.9 The fourth challenge of the Burkinabe enterprise is to overcome, by itself, its numerous weaknesses in order to contribute to distributive growth and SHD. Finally, the informal sector is a major stakeholder in the economy. Here, the great challenge is to promote policies capable of making this sector the real breeding ground for future small and medium enterprises (SMEs) in the country. 2.10 Developmental problems and challenges. The country believes in its ability to develop economically and socially, given the necessary autonomy, and that it can tackle the challenges of SED head-on. However, this belief should be turned into action in order to mobilise the whole of society for the march towards an emerging Burkina Faso. The second challenge is to ensure that the 6