Burkina Faso - Fifth Poverty Reduction Strategy Support Programme (PARSP V)

The present programme, relative to the Fifth Poverty Reduction Strategy Support (PASRP V), is a general budgetary support operation. It's a follow up to PASRP IV whose achievements it is designed to strengthen. The programme is based on the Framework Note of the Strategy for Accelerated Growth and Sustainable Development adopted in March 2009 and the priorities of the Government’s 2010 Action Programme to mitigate the impact of the flooding and the international financial crisis, adopted in June 2009. The expected results of this fifth phase of the program are: (i) stimulated economic growth from 3.2% in 2009 to 4.4% in 2010 with a controlled inflation rate at below 3% and a budget deficit (including grants) contained at below 5% of GDP; and (ii) improvement of the transparency and effectiveness of public expenditure. The programme consists of two main components: (i) support to economic recovery; and (ii) enhanced management of public finances.