Poverty Reduction Support Credit (7)

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The seventh poverty reduction support credit for Burkina Faso is the first of a third series of PRSCs in support of Burkina Faso's Poverty Reduction Strategy (PRS), adopted in 2000 and updated in 2004. The PRS and its latest Annual Progress Report cover the period 2006 to 2008. This new series of PRSCs (7, 8 and 9) will support the acceleration of real growth and the reduction of poverty incidence in Burkina Faso by: (i) improving the investment climate and promoting exports; (ii) improving access to basic social services through deepened decentralization and strengthened institutional capacity; and (iii) promoting efficiency, transparency and accountability in the use of public resources through enhanced public financial management.