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Burkina Faso

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BURKINA FASO REMAINS ONE of the poorest countries in the world, with 44.8 per cent of its population living on less than USD 1 per day. Nevertheless, economic activity has taken a qualitative leap over the past ten years, showing average growth of 5.9 per cent between 1997 and 2006. The growth rate reached 6.1 per cent in 2006, compared to an average of 3.1 per cent in the West African Economic and Monetary Union (WAEMU). These very positive results are due to the pursuit of structural reforms and of steady investment. In 2007 growth nevertheless slowed down to a rate of 4.3 per cent, due to the fall in cotton production. It is expected that there will be a progressive recovery, with projections of 4.7 per cent growth for 2008 and 5.8 per cent for 2009.
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Document Type: Review Article

Publication date: May 1, 2008

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