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phase of the Regional Economic Programme (REP), and those of the
Economic Community of West African States (ECOWAS), by updating the
national study Community Development Programme (CDP).
All the efforts made by Burkina Faso to apply the community standards was
commended through the designation of the President of Faso by his peers
during the ECOWAS Conference of Heads of State and Government to
propose a memorandum on the issue of free movement of people and goods.
It should be noted that Burkina Faso is up-to-date with its financial
contributions to sub-regional integration institutions, namely ECOWAS and
WAEMU.
2.6. Promoting economic growth and sustainable development
The country pursued the promotion of economic growth and sustainable
development in 2012 with the implementation of the Accelerated Growth and
Sustainable Development Strategy (AGSDS) as the current reference
document of the economic and social development of Burkina Faso. It
should be recalled that the main objective of the AGSDS is the consolidation
of the bases of the economy through the strengthening of its potential to
achieve accelerated growth that can create jobs, increase revenues and
consolidate the bases of a sustainable development.
The implementation of activities for promoting economic growth enabled the
country to achieve a GDP growth of 9.0% in 2012, as against 5.0% in 2011,
mainly
through
the
primary
and
tertiary
sectors
with
respective
contributions of 4.7 and 3 points to GDP growth.
However, the mining sector, with gold as the main product, occupies a
preponderant position in the national economy, as it contributed 7% to the
formation of GDP in 2012, in real terms. The year 2012 registered an
increase in mining revenue, attributable to the increase in the price of gold
and an upward trend of gold production, which stood at 42.4 tons as against
38 tons in 2011. In terms of revenue for the state budget, revenue from gold
mining increased from 1.2% of total revenue in 2007 to 21% in 2012. Gold
has become the primary export product since 2009, representing 71% of the