Download GLBL 298 * BURKINA FASO

GLBL 298 – BURKINA FASO
FOREIGN AID PRESENTATION
INTRODUCTION
• -Burkina is a landlocked country with few
natural resources
• -In the region, it is still the most peaceful
country and was not engulfed by war
• -Chief exports are cotton and gold
• -GDP growth is good
• -Human Development Index is ranked 183 out
of 186, which is bad
HISTORY OF FOREIGN AID
• Burkina initially sought aid for its internal
problems.
• Historical major donors have been mostly
from the EU and the US
• Burkina is highly dependent on foreign aid
WORLD BANK
• Projects are centered to increase business
atmosphere and overall economic
development
• Trying to make communities self sustaining
• Committed $1.147 billion
• Supported major water projects
• Supporting power and infrastructure projects
currently
U.S AID
• Ended official presence in 1995, albeit taking an
active role there afterwards
• USAID program in 2004 allocated $15 million
• Helping counter terrorism and border security
• Focus on community issues
• Success due to Burkina being a peaceful country
• USAID is also conducting some political lobbying
IMF
• Began in 1963
• IMF disburses $10 million per year
• Engaged in a new development strategy called
SCADD
• Aiming to increase growth rate and job
intensification
European Union
• EU’s presence in Burkina is mostly through
European Commission
• Constant support through the European
Development Fund
• EC assistance aims to improve infrastructure,
and also for poverty reduction
• EU also helps Burkina via the general budget
support.
Millennium Challenge Corp
• Created in 2004 by congress
• Conducted a myriad of projects in Burkina
• Project results are very positive
Peace Corps
• Entered in 1966, phased out in 1987, returned
in 95.
• Ended when Burkina asked Peace Corps to
cease sending volunteers
• Had 1830 volunteers, currently 150 serve
• All Peace Volunteers are involved in HIV/AIDS
education
WATER-AID
• A non profit set up in England
• Millions in Burkina lack proper water and
sanitation facilities
• Water presence in Burkina started in 2001 and
increased in 2003.
• Results are extremely positive
CONCLUSION
•
•
•
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GDP growth increase is evident
Water accessibility has spread
Road accessibility has improved
Education rates remain low