Burkina Faso
Poverty reduction strategy supported in Burkina Faso

afrol News, 25 October  - The African Development Fund (ADF) has approved a loan of US$ 30 million to finance the poverty reduction strategy support programme (PRSSP - 2001) in Burkina Faso.

The purpose of the PRSSP is to establish a global equitable and sustainable growth framework based on the comparative benefits of the players of the national economy, namely the central government, the decentralised communities and the private sector, ADF reports. 

- More specifically, the programme seeks to improve the standard of living of the populations, enhance the efficiency of the public services and reduce poverty, according to the ADF. 

The PRSSP is designed as an integrated reform programme to support the State's new mission to strengthen macro-economic stability, regulate and control economic activity with a view to promoting the private sector and the development of decentralised communities.

The PRSSP is supposed to involve the strengthening of the bases for growth and competitiveness, the rationalisation and decentralisation of public expenditures, compliance with financial accountability and implementation of an efficient monitoring-evaluation system. 

The programme is to focus on the decentralised communities and the private sector in the provision of public services. Furthermore, it will contribute to the improvement of governance, capacity building and anti-corruption drive. 

The ADF loan will be used to support public finance reforms for greater efficiency of public services in favour of the poor. It will enable the Government to pursue the objectives of poverty reduction within the framework approved by the Bretton-Woods institutions under the HIPC initiative. It will also help the Government to mobilise budgetary resources under a unified priority activity programme.

The Bank Group operations in Burkina Faso started in 1970. To date, the Group has committed a total of US$ 413.58 million on 47 operations. Of this amount, about US$ 291.17 million has been disbursed. 

Sources: Based on ADF

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