Private sector: the State wants to revitalize economic activity

• By removing bottlenecks

• To fight against the high cost of living

• CODESP: more than 50% of recommendations implemented

The private sector of Burkina Faso, driving force of the national economy, so significant is its contribution to State revenue. Major provider of jobs and creator of national wealth. Today, the private sector is permanently affected by Covid-19, the security crisis and the Ukrainian war. Added to these difficulties are cash flow tensions due to the fact that the Burkinabè state is taking too long to liquidate the domestic debt. There are companies that are waiting for their payment, after performing a government contract or providing goods and services. Situations that persist because of the administrative burden. All these difficulties have always been brought to the attention of the government, through annual government/private sector meetings. A cry from the heart that was heard by the Prime Minister, Me Apollinaire Joachimson Kyelem de Tambèla. Indeed, on Tuesday March 14, in Ouagadougou, at the first 2023 ordinary session of the Steering Committee for the consultation and orientation framework for State/Private Sector dialogue (CODESP), the Head of Government stressed that the State was not insensitive to the difficulties encountered by the economic world. According to him, his government remains determined to reduce the bottlenecks that undermine the development of the Burkinabè private sector, to facilitate the emergence of successful companies, despite the negative effects of the Coronavirus pandemic on the international level and the context. difficult national security. To achieve this, he cited several strong actions undertaken by the government, with the aim of smoothing out the effects of the inflation that the country is currently experiencing, with the corollary of the increase in the cost of consumer products, but also to fight effectively against insecurity.

Soon a meeting date government/private sector

These include, among other things, the operation to recruit and train 50,000 volunteers for the defense of the homeland, the intensification of operations to secure major highways and the reconquest of national territory and the strengthening of fight against fraud and unfair competition. The Minister of Industrial Development, Trade, Handicrafts and Small and Medium Enterprises, Serge Gnaniodem Poda, revealed that 50.26% of CODESP recommendations had been implemented, as of December 31, 2022.

He announced that the annual consultation and dialogue meeting between the government and private sector actors would be held in Bobo-Dioulasso (at a later date to be specified), after all the other sectoral meetings.

Ambéternifa Crépin SOMDA

framed

The World Bank will inject nearly of 2,000 billion FCFA in 2023

A At the end of an audience with the Prime Minister of Burkina Faso on March 13, 2023, the representative of the World Bank in Burkina Faso, Mbow Fam, confided that for the year 2023, a portfolio of nearly 2,000 billion FCFA had mobilized to finance strategic sectors. She pointed out that the World Bank was a development partner for Burkina Faso, with a portfolio of 27 projects financed for a total amount of commitments of nearly 2,000 billion FCFA in 2023. Of this amount, a volume of nearly 1,200 billion has not yet been disbursed . This amount targets 13 sectors of activity which should make it possible to provide development solutions in areas as varied as education, health, agriculture, energy, infrastructure development, transport, but also governance and the transformation of the country’s macroeconomic framework.o

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