EXECUTIVE SUMMARY
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social level despite sustained growth of nearly 6% over a long period. Added
to that are regional and geographical inequalities, which fuel the feeling of
exclusion from the economic advantages of growth. This is to the detriment of
the rural areas and the ethno-cultural groups that live in these disadvantaged
geographical areas. At the natural level, the vagaries of the weather and
Sahelisation of the country constitute more than constraints, but real risks.
8.4
In addition to these internal constraints, there are also constraints and risks
arising from the dynamics of the global economy. These include soaring oil
prices, coupled with the high cost of electric power and the volatile price of
cotton on the world market – a crop that is very important to the economy of
Burkina Faso.
8.5
At the social level, the 2.9% population growth rate is weighing heavily on
resources. To this one must add that within an arid Sahelian environment, the
situation is aggravated by economic growth that occurs without an increase in
job creation, but is rather accompanied by unemployment and the
precariousness of employment. The main victims are young people, who are in
an uproar and who cannot make headway in the existing planning for a
sustainable future. Also, the low level of involvement of women in the various
political, economic and social processes is weighing down and hampering the
implementation of the programme of action.
8.6
However, an optimistic perspective illuminates the dynamics of the
construction of an emerging economy in Burkina Faso. It is based, in
particular, on the assets of the country. These assets should determine the
country’s chances of success in the implementation of its programme of
action. One of the major assets of Burkina Faso is its people, who are
confident in their capacities, have a leadership with a visionary sense, and are
determined to change the course of things. Other assets – such as the
dynamism of the Burkinabe informal sector, the country’s membership of
regional economic and monetary groups, the dynamism of the associative
movement, and the pride in cultural values of the Burkinabe people – all
combine to enhance the chances of transforming the hope into a shared reality.
This optimistic perspective is also based on the evaluation by other actors and
partners, such as the Millennium Challenge Corporation. The corporation has
found that the country is making progress in 10 of the 17 performance criteria
in the three political categories considered. Burkina Faso should, therefore,
build on these assets and progress made to take up the challenges and address
the constraints.
The assets
8.7
Burkina Faso has, at the political, economic and social levels, the following
assets:
a.
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The political stability of Burkina Faso, which is an asset of the very first
order on which it can base the construction of an emerging country by
2025.