PNDES

The Sectoral Conference on implementation of PNDES, July 9 - 10 in Ouagadougou

Conference Main Theme

The main objective of the Sectoral Conference for Financing the PNDES is to assess the the fundraising results two years after implementation and initiate the setting up of a concerted and adapted mechanism to boost the agricultural, forestry and pastoral industries in Burkina Faso

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Context

Burkina Faso successfully organised, on December 7 and 8 2016, the Burkina Faso Partners Conference in Paris, geared on financing the PNDES. The Conference objective was to mobilize national and foreign funds to help make its social and economic development ambitions a reality; It set up and objective of 9 825,2 Billion VFA (63%) from its own budget allocations and 5 570,2 Billion CFA in financing options: The conference raised over 18 Billion CFA in financing engagements from Burkina’s Institutional and Financing Partners, either in subsidies, loans or Public-private partnerships.

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Participate

If you’d like to participate in the upcoming conference, please download the Logistic Information sheet HERE. Available on this site, you will also find all relevant documentation for getting a better understanding of the PNDES initiative and the July 9 and 10 Sectoral Conference and related projects.

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The PNDES

Foundations and vision

The PNDES is a key component of the structural transformation of the Burkina Faso economy. Such transformation requires strong policies from the state and a very active role of the private sector in increasing productive investment in high-potential and innovative sectors, as well as in improving the quality of human capital.
The state, the private sector, and civil society, in their respective roles, must act in a complementary manner, rather than substituting one another. The state will help the market work better by creating the necessary institutions, which will help increase investor confidence and reduce transaction costs. This will take place through the implementation of coherent and effective sector policies with efficient modes of governance and attention to issues of equity and accountability for all development actors.

Guiding principles

Based on its vision, the principles that will guide the implementation of the PNDES are :
National leadership
Equity
Subsidiarity and partnership
Results-based management
Pro-activeness

Overall goal

The PNDES’ overall goal is to achieve the structural transformation of the Burkinabe economy to attain strong, sustainable, resilient and inclusive growth that creates decent jobs and improves social welfare.

Expected impacts

Based on the overall goal, the expected impacts of the PNDES are:
Governance

Governance improved effectiveness of political, administrative, economic, local and environmental governance Industry

Industry

The emergence of a modern economy based on a progressive and more competitive primary sector, processing industries and a more dynamic service sector to attain an annual economic growth rate of 7.7% and the creation of at least 50,000 decent jobs per year.

Poverty reduction

Poverty reduction reduce the poverty rate to less than 35% by 2020

Demographic growth

Demographic growth limit annual demographic growth to 2,7% by 2020

Human capital

Human capital accelerate the level of development of human capital

Sustainable development

Sustainable development transform modes of production and consumption for sustainable development

Structural transformation

The structural transformation of the economy that the PNDES aims to achieve by 2020 is built around the following:
Increasing value added in the primary sector thanks to improved productivity in this sector
The emergence of a modern economy based on industry and services
Improved urbanization
Acceleration of the demographic transition

Strategic focus areas to meet the challenge of structural transformation

Institutional reform and modernization of the public administration

This focus area aims at guaranteeing peace, security, justice and human rights, as well as increasing the efficiency and effectiveness of interventions by the state and its partners so as to foster new economic and social dynamics.

Human capital development

The PNDES aims to respond to human capital challenges by rapidly improving the quantity and the quality of human capital and ensuring the possibilities and conditions for employing and using that capital are place.

Boost sectors with strong economic and employment potential

This focus aims to have a positive influence on the structural dynamics of the economy through sectors with strong and sustainable potential to push economic and social development.

Funding scenarios

With the annual average growth target of 7.7% over the 2016-2020 period, the forecast scenario for the cost of the PNDES is estimated at XOF 15,395.4 billion, that is an annual cost of XOF 3,079.1 billion. 54.6% of this budget will be allocated to investment spending (including capital transfers), which corresponds to XOF 8,408.2 billion over the entire period, and XOF 1,681.6 billion per year.
Own resources will cover 63.8% of the costs (XOF 9,825.2 billion) and thus the need for additional funds stands at XOF 5,570.2 billion, or 36.2% of the total cost.

Projects

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