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2005-2011 - Burkina Faso - Extension of the Results - Based Country Strategy Paper from 2005-2009 to 2010-2011
In July 2005, the Boards of the African Development Bank (ADB) and the African Development Fund (ADF) approved the Results-Based Country Strategy Paper (RBCSP) for Burkina Faso, covering the period 2005-2009. This strategy was based on two pillars: (i) diversification of the economy; and (ii) improving the living the conditions of the population, particularly vunerable groups. In considering the RBCSP, the Boards noted with satisfaction the progress made at the macro-economic level and the gradual introduction of transparency in the management of public finances. They expressed concern about the persisting poverty, which affects about half of the population, and the low contribution of the private sector to economic growth. They urged the Government to focus more on activities with higher impact on poverty reduction and to strengthen good governance practices. The mid-term review of the strategy, conducted in April 2007, resulted in maintaining the strategy and its two pillars.