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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

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GLBL 298 – BURKINA FASO

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  1. GLBL 298 – BURKINA FASO FOREIGN AID PRESENTATION

  2. 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

  3. 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

  4. 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

  5. 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

  6. 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

  7. 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.

  8. Millennium Challenge Corp • Created in 2004 by congress • Conducted a myriad of projects in Burkina • Project results are very positive

  9. 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

  10. 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

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

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