Burkina Faso

Burkina Faso Economic Outlook

Real GDP growth dropped to 3.2% in 2022 from 6.9% in 2021 because extractive activities fell 13.6% in 2022 despite growing 7.3% in 2021, following the closure of several mines for security reasons. Other factors in the economic slowdown were sociopolitical instability, military coups, a deteriorating security environment, and the effects of Russia’s invasion of Ukraine. Contributors to growth included agriculture (up 10.3% in 2022 after declining 12.3% in 2021) and the tertiary sector (up 6.6% in 2022 compared with 13.5% in 2021).

Key Facts

Flag:

Capital:

Ouagadougou

Population 2023:

22.7 million

Date of membership:

22 September 1964

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Bank intervention strategy

Priority area 1 - Reinforcement of sustainable infrastructure for inclusive and green growth.
Priority area 2 - Support for agricultural value chains to build economic resilience.

Under the first priority area, the Bank aims at supporting the construction of sustainable and climate-resilient infrastructure in the transport, energy, and water and sanitation sectors to enhance economic competitiveness.

ADF@50: 50 Voices and Stories - Seraphine N’Do, Burkina Faso

Burkina Faso, a program to build resilience to food insecurity in the Sahel (P2RS)

High-Level Dialogue on Feeding Africa: H.E. Roch Kabore's Remarks, President of Burkina Faso

Truck drivers notice drastic improvements to Lome-Ouagadougou corridor

Lome - Cinkanse - Ouagadougou CU9 Corridor

Ginette Nzau-Muteta, Resident-Representative in Burkina-Faso

News and Events

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Nearly 200 agricultural stakeholders attended the ceremony to launch the Emergency Project for Increasing Agricultural Production in Burkina Faso.

09-Feb-2024

Burkina Faso government, African Development Bank launch project to bolster food security

A partial view of the Electrical Systems Laboratory funded by the African Development Bank.

21-Dec-2023

Burkina Faso: the African Development Bank supports training for design engineers at the ISGE

29-Nov-2023

Burkina Faso: African Development Bank supports new hygiene, water and sanitation projects with €43 million

19-Sep-2023

Burkina Faso: the first session of the Monitoring Committee on Cooperation with the African Development Bank takes stock of the outlook for project funding

The African Development Bank is providing $950,000 to support women’s access to finance and training and accelerate economic inclusion in the Sahel region.

03-Jun-2023

Sahel region: African Development Bank to extend nearly $1m in gender-based grants to boost opportunities for women-led businesses

Patient atteint de filariose lymphatique, dite aussi « éléphantiasis ». La filariose est une maladie tropicale infectieuse qui se produit lorsque les parasites filaires responsables de la maladie sont transmis à l'homme par des moustiques.

22-Dec-2022