-
Closed Compact Report
Closed Compact Report: Burkina Faso Compact
Read MCC’s Burkina Faso Closed Compact Report for a comprehensive look at MCC’s $480 million investment in agriculture, land tenure, roads and girls’ education from 2009-2014.
The Millennium Challenge Corporation and the Government of Burkina Faso signed a five-year, $480.9 million compact in July 2008, designed to increase economic growth and reduce poverty by investing in four project areas:
- agriculture;
- land tenure;
- roads; and
- girls’ education.
Compact investments targeted the poorest beneficiaries, 68 percent of whom earned less than $2 per day. These investments were made with the understanding that the Government of Burkina Faso would undertake road maintenance, agriculture, water management and land tenure reforms during the compact to improve the country’s investment climate. The Government of Burkina Faso met all of the compact’s policy and reform conditions precedent by the end of the compact in July 2014. More than 98 percent of the anticipated compact funds were disbursed to achieve the following goals:
- improve land tenure security and land management, enhance the volume and value of agriculture production,
- expand access to markets through investments in the road network, and
- address primary school completion rates for girls.