With nearly half of the population (or approximately 8 million people) living in extreme poverty, Burkina Faso is poised to make inroads in the long and challenging journey to achieve the World Bank Group's overarching twin goals: ending extreme poverty in 2030 and boosting shared prosperity. Every fiscal year since 2015, the Bank has committed more than 300 million dollars of IDA resources in support of development projects in Burkina Faso. The World Bank has also provided a set of timely analytical and advisory services to inform national development strategies and policies in the country.
Country Partnership Framework
Of the total US$15.4 billion pledged by the international community at the end of the first day of the meeting of the Consultative Group on Côte d’Ivoire held on May 17, 2016 in Paris, the World Bank Group (IDA, IFC, MIGA) will commit the sum of US$5 billion (CFAF 2500 billion) to finance Côte d’Ivoire’s Second National Development Plan (NDP) covering the period 2016-2020. This amount is double the sum allocated during the previous period (2012-2016), proof—if any were needed—that the World Bank is more than ever committed to helping Côte d’Ivoire achieve emerging country status. This new country partnership framework between the World Bank Group and Côte d’Ivoire is an important milestone.