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Burkina Faso: World
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Burkina Faso is one of the poorest nations in the world, with few natural resources; the great majority of its workers engage in subsistence farming. Less than 10% of the country’s land area is cultivable without irrigation, and droughts have further limited agricultural production; ... several dams intended for irrigation and hydroelectricity, including the Ziga dam on the Nakambe River, which supplies the capital, were constructed in the 1990s. The principal cash crop is cotton; other agricultural commodities include peanuts, shea nuts, sesame, sorghum, millet, corn, and rice. Cattle, sheep, and goats are raised.
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Burkina Faso is a small market with low per capita income and reliance on subsistence agriculture. Nevertheless, the prospects for U.S. trade and investment opportunities are good. Burkina Faso has pursued a World Bank/International Monetary Fund Structural Adjustment Program since 1991. The public sector is being streamlined, privatization is continuing, most trade barriers have been lifted, and prices have been liberalized.
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Burkina Faso has one of the lowest rates of primary school enrollment in the world—just 36 percent of the school age population attends school and this decreases to only 31 percent for girls. Volunteers work to promote girls’ enrollment, attendance and success in school. Volunteers and their counterparts work with girls to promote their self-esteem, success in school, and the mastery of life skills through such activities as girls’ clubs, study groups, theater troops, and sports.
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Burkina Faso has one of the lowest GDP per capita incomes in the world: $1,200. This ranks it as the 27th poorest nation.[2] Agriculture represents 32% of its gross domestic product and occupies 80% of the working population. It consists mostly of livestock but ... especially in the south and southwest, of growing sorghum, pearl millet, maize (corn), peanuts, rice and cotton.
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With 0.2% of the world's population, Burkina Faso accounts for 0.0% of global emissions - an average of 0.1 tonnes of CO2 per person. These emission levels are below those of Sub-Saharan Africa (table 4).
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Economic aid poured into Burkina Faso in 1993 as international organizations signaled their approval of the nation's implementation of the Structural Adjustment Program. Grants for rural development were received from various UN agencies, the World Bank, the International Monetary Fund, and the European Community. The Paris Club of creditor nations wrote off 50% of Burkina Faso's debt in recognition of its efforts to reduce state spending and its 5% annual growth rate. Domestically... the hardships caused by the Structural Adjustment Program resulted in protests by students and trade unions.
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