Second Growth and Competitiveness Grant

closed

Closed

The development objective of the Second Growth and Competitiveness Grant (GCG) Program for Burkina Faso is to catalyze private sector growth and employment, improve governance and public resource management, and build resilience and reduce vulnerability. This second operation will deepen the policy program contained in the first operation, which was submitted to the Executive Board in June, 2012. The programmatic series supports poverty reduction through higher growth, stronger governance, and greater economic resilience. The series is structured in three pillars: 1) building private-sector growth and generating employment; 2) improving governance and public resource management; and 3) increasing resilience and reducing vulnerability. Overall long-term growth projections remain positive but dependent on commodity shocks and on public investment efficiency, while inclusive growth will depend on the economy's ability for structural transformation. Overall, Burkina Faso's macroeconomic framework is judged to be appropriate. Burkina is expected to continue to generate economic stability through prudent fiscal policies, strong financial assistance from donors, and membership of the regional economic and monetary union.

FY17 - Agriculture, Fishing and Forestry,FY17 - Financial Sector,FY17 - Public Administration,FY17 - Social Protection

World Bank Group

Project

Raw Materials, Commercial, Government