EXECUTIVE SUMMARY _____________________________________________________________________ 4.4 Ratification and implementation of standards and codes. Burkina Faso has adhered to several regional and international standards and codes identified in the APRM questionnaire. However, the commitments made are rarely revealed to the citizens. The CRM managed to collect detailed information on the measures for ratification and application of the different standards identified by the CRM. It observed that these standards and codes are consistent with WAEMU standards or with generally acknowledged international standards. 4.1 The promotion of macroeconomic policies that support sustainable development 4.5 Macroeconomic policies and the construction of an emerging country in Burkina Faso. Since the year 2000, Burkina Faso has based the development and implementation of its macroeconomic policies on the Medium-Term Expenditure Framework (MTEF). However, the sectoral strategies and problems developed in the framework of these MTEFs are not only limited to some sectors considered as priority sectors: agriculture, rural development, health and education. It is necessary that these instruments reflect the vision of the emerging Burkina of tomorrow. To that end, the government has developed a logical governance organisational framework that should serve as a real tool for operationalisation and coordinated implementation of these policies, and it should reflect the coherence of the substance between strategies and programmes that are expected to contribute to the realisation of the ambitions of the vision. 4.6 The definition and efficient implementation of the macroeconomic policies to support the SHD should be based on a clear vision of the Burkina Faso of tomorrow that is to be built. These policies also depend on the nature of the structural transformations, which will reflect the content of the vision, to be made at the economic and social levels. The authorities have defined this vision of the Burkina Faso of tomorrow in the study ‘Burkina Faso 2025’, and the CRM congratulates them for this initiative. However, the study has not been officially adopted by the government, and most of the social and economic components of the country are not aware of it. In addition, the problems of institutional capacities for piloting both the vision and its coherent translation into strategies, policies and programmes should also be considered. 4.7 Results of the macroeconomic policies and sustainable human development. The macroeconomic policies implemented within the framework of the PRSF introduced some form of stability into the macroeconomic framework. They produced an appreciable growth rate of 6% on the annual average over the past 10 years, and restricted inflation to less than 2% compared to a limit of 3% defined by WAEMU. However, profound structural weaknesses persist: low performance of the primary sector; a weak industrial fabric; predominance of the informal sector; deforestation; and the fragility of the cotton sector. However, recently, Burkina Faso has made notable progress in the cotton sector. 11

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