MONITORING MECHANISM ACTIONS FOR THE IMPLEMENTATION OF PCI RECOMMENDATIONS

The Presidential Council for Investment

MONITORING MECHANISM ACTIONS FOR THE IMPLEMENTATION OF PCI RECOMMENDATIONS

The mission of the Recommendations Monitoring Mechanism is to ensure the diligent and effective implementation of the recommendations from the sessions. It is the main factor for the success of PCI’S mission and ensures a permanent and rigorous monitoring of the implementation of the recommendations from the Council sessions.

THE SRM IS BASED ON TWO (2) LEVELS:

The first level is the Technical Monitoring Committee (TMC). This Committee shall meet at least once (1) a month in regular session and in special session if necessary.
The second level is the Interdepartmental Monitoring Council (IMC). It is organized around the Prime Minister. The monitoring is done in the form of an Interdepartmental Council that is held in principle once a quarter, under the Presidency of SEM the Prime Minister. The Council shall meet on the basis of a report drawn up by the Technical Monitoring Committee.

ACTIVITIES CARRIED OUT BY THE RECOMMENDATIONS MONITORING MECHANISM (RMM)

The Technical Monitoring Committee (TMC) held several meetings to monitor the implementation of the main recommendations of CPI.

The meetings of the TMC made it possible to ensure an ongoing monitoring in the realization of the actions to contribute to the achievement of the objectives identified in the recommendations and to prepare a monitoring report that allowed the holding of a session of the Monitoring Interministerial Committee (MIC) on February 13, 2017 under the effective presidency of H.E.M. the Prime Minister. The MIC met as an interdepartmental council on February 13, 2017.

This session of the MIC allowed the Prime Minister to give instructions to remove the constraints and bottlenecks that hinder the efficient implementation of the recommendations. The Prime Minister’s directives and the new measures and actions of the technical ministries were adopted by the MIC, which led to an upgrade of the recommendations monitoring matrix.

The RMM has enabled the PCI to obtain several products, including:

– The creation of the Investment Promotion Agency of Burkina Faso (IPA-BF), restructured into the Burkinabe Investment Agency (BIA);

– The adoption of Law No. 023-2013/AN of  May 30, 2013 on the Investment Guidance Law in Burkina Faso, promulgated by Decree No. 2013-496/PRES of  July 03, 2013, provided Burkina Faso with an investment policy framework that meets international standards and norms that attract, reassure, secure investors and facilitate their establishment and activities;

– Deposit and Consignment Office of Burkina Faso (DCO-BF). In order to provide a structural response to the problem of financing structuring investments and major priority projects of the State, of some sectors of activity (agriculture, livestock, various socio-economic infrastructures, etc.) and Smes/Smis, the members of the PCI recommended the creation of a financial institution that would allow the State to mobilize long financial resources to ensure structural financing for development.

In this vision, the PS has initiated the conduct of strategic reflection (preliminary study, drafting of draft texts, mobilization of technical assistance from the French, Moroccan and Tunisian deposit and consignment office) which led to the drafting of draft texts to create the DCO and to regulate deposits and consignments in Burkina Faso. The PS/PCI also took part in the preparatory work that led to the adoption by the National Assembly in May 2017, laws establishing the Deposit and Consignment Office of Burkina Faso and governing deposits and consignments in Burkina Faso which were promulgated on June 5, 2017.

However, the implementation of the activities of the RMM is experiencing some difficulties mainly related to the suspension of the sessions of the PCI and the recurrent changes of the secretaries general of the ministries which have slowed considerably the completion of the reports and the holding of the meetings of the Interdepartmental Monitoring Committee.