{
  "title": "Burkina Faso: Selected Issues",
  "publication": "IMF Staff Country Reports, December 22, 2016",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/burkina-faso-selected-issues-44486",
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  "summary": "This Selected Issues paper examines the impact of scaled-up public investment in Burkina Faso. The results suggest that “big-push” investment efforts, while designed to accelerate growth, are likely to run up against significant absorption-capacity constraints.",
  "sections": [
    {
      "heading": "Key findings on public investment scaling-up",
      "content": "- The paper examines the impact of scaled-up public investment in Burkina Faso.\n- “Big-push” investment efforts, while designed to accelerate growth, are likely to run up against significant absorption-capacity constraints.\n- These absorption-capacity constraints will diminish the efficiency of investment spending and result in lower public capital accumulation and productivity growth than under a more measured approach.\n- The empirical evidence from the experience of many countries suggests that the results of aggressive scaling-up initiatives are mixed."
    },
    {
      "heading": "Implications for policy and planning",
      "content": "- Large, rapid increases in public investment can face significant absorption-capacity constraints that reduce investment efficiency.\n- A more measured approach to public investment scaling-up is implied to yield higher public capital accumulation and stronger productivity growth than aggressive “big-push” efforts.\n- Given mixed cross-country evidence, careful assessment of absorption capacity and gradual scaling tailored to institutional and implementation capabilities is indicated by the analysis."
    },
    {
      "heading": "Subject classification and keywords",
      "content": "- Subject: Civil service, Expenditure, Labor, Public employment, Public investment spending, Wage adjustments, Wages\n- Keywords: bill in Burkina Faso, Civil service, CR, GDP ratio, government, investment, investment efficiency, investment project, investment scaling-up, ISCR, Ivoirian authorities, pay, Public employment, Public investment spending, Sub-Saharan Africa, sustainability risk, Wage adjustments, wage bill, Wages, West Africa\n\n---\n\n Content in this bundle\n\n- Burkina Faso: Selected Issues; IMF Country Report No. 16/391, November 30, 2016\n  - Burkina Faso: Selected Issues; IMF Country Report No. 16/391, November 30, 2016 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Burkina Faso: Selected Issues; IMF Country Report No. 16/391, November 30, 2016 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: December 22, 2016",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781475562590.002",
    "The paper examines the impact of scaled-up public investment in Burkina Faso.",
    "“Big-push” investment efforts, while designed to accelerate growth, are likely to run up against significant absorption-capacity constraints.",
    "These absorption-capacity constraints will diminish the efficiency of investment spending and result in lower public capital accumulation and productivity growth than under a more measured approach.",
    "The empirical evidence from the experience of many countries suggests that the results of aggressive scaling-up initiatives are mixed.",
    "Large, rapid increases in public investment can face significant absorption-capacity constraints that reduce investment efficiency.",
    "A more measured approach to public investment scaling-up is implied to yield higher public capital accumulation and stronger productivity growth than aggressive “big-push” efforts.",
    "Given mixed cross-country evidence, careful assessment of absorption capacity and gradual scaling tailored to institutional and implementation capabilities is indicated by the analysis.",
    "Subject: Civil service, Expenditure, Labor, Public employment, Public investment spending, Wage adjustments, Wages",
    "Keywords: bill in Burkina Faso, Civil service, CR, GDP ratio, government, investment, investment efficiency, investment project, investment scaling-up, ISCR, Ivoirian authorities, pay, Public employment, Public investment spending, Sub-Saharan Africa, sustainability risk, Wage adjustments, wage bill, Wages, West Africa",
    "**Burkina Faso: Selected Issues; IMF Country Report No. 16/391, November 30, 2016**"
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