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Burkina Faso: Burkina Fasos
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Since the beginning of 1994, total IDA commitments for Burkina Faso have amounted to US$1.2 billion, funding 72 operations. This includes 10 budget support operations, including six Poverty Reduction Support Credits. Sustained support for Burkina’s transition to a market economy has been critical and has made a measurable difference in a number of areas. The current IDA portfolio consists of $642 million financing 19 active projects, including three regional programs.
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Most food in Burkina Faso comes with sauce. Staple foods are sorghum, millet, rice, maize, peanuts, potatoes, beans, yams and okra. Meat is not eaten often in the villages. Instead, villagers eat eggs and fish. Some fresh vegetables and fruits are available in towns.
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The major challenge facing Burkina Faso is to reduce the level of poverty of its population, their vulnerability in the face of a wide variety of crises, and inequalities among different regions and socioeconomic groups. To accomplish this goal, the Poverty Reduction Strategy Paper will endeavor to reconcile the requirements of structural reform and economic recovery with the objective of increasing the income of the poor and transferring more resources to the poorest members of society. Recognizing the limited amount of resources available, and wishing to take a realistic approach to its problems, the Government has established development priorities to guide its poverty reduction efforts. It will therefore focus initially on reducing the gap in social services, improving food security, and ensuring that the poor have access to drinking water.
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Medical facilities in Burkina Faso are limited. Medicine may be in short supply. Doctors and hospitals often expect immediate cash payment for health care services. The Medicare/Medicaid program does not provide for payment of medical services outside the United States.
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Compassion's work in Burkina Faso began in the summer of 2004. Currently, more than 14,300 children participate in more than65 child development centers. Compassion partners with churches and denominations to help them provide Burkinabé children with the opportunity to rise above their circumstances and become all God has created them to be.
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Macroeconomic performance in Burkina Faso was impressive during the 1990s. Real GDP grew at an average rate of 5 percent during 1994-99 compared with 3 percent during 1980-93. Despite a significant deterioration in the terms of trade between 1997 and 1999, the growth rate held steady at 5.6 percent on average. The increase in the gross domestic product (GDP) was achieved through the adoption and implementation of stabilization and structural adjustment programs – supported by the Burkina Faso’s entire development partners – aimed at improving public expenditure management, liberalizing the national economy, and benefiting from a more openness to external trade.
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Burkina Fasos