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
• GDP growth increase is evident• Water accessibility has spread• Road accessibility has improved• Education rates remain low