PROMOTION OF PRIVATE INVESTMENT IN BURKINA
Productive investment is the major determinant of the growth and development of a country at the macroeconomic level, or of a company at the microeconomic level.
Economic thinking and the history of development clearly establish that investment conducted within the framework of the private sector offers the best guarantees of economic rationality and positive impact for growth and development.
It is therefore understandable that the promotion and development of private investment is at the heart of the economic and social development policies and strategies of governments around the world. The global economic crisis that has prevailed since 2008 has amplified this phenomenon and there is intense competition between countries or regional unions to attract FDI and also to reverse the trend of industrial relocation.
The issue of private investment in Burkina Faso can be addressed from three angles:
- The quantitative and qualitative importance of investment flows in relation to the country’s development needs: volume; sectoral distribution; domestic investment and foreign direct investment (FDI). In this respect, emphasis is placed on the issue of FDI, because FDI is a prime indicator of a country’s ability to benefit from its integration into the world economy. The ambitions and objectives of Burkina Faso in the medium term;
- The assets and weaknesses of Burkina in terms of attractiveness and development of private investment;
- Policies and strategies to address existing disabilities and accelerate investment promotion momentum, in particular the institutional architecture that has been put in place to promote private investment, including FDI.