The government of Burkina Faso will soon start preparation for a lenders roundtable where will be discussed financing of the 2016-2020 social and economic national development plan (PNDES in French). The announcement comes after the adoption of this plan by a council of ministers which was held on July 20, 2016.

Estimated at 12,850.2 billion CFA Francs ($21.5 billion), the PNDES comprises three strategic axes. It aims to “reform institutions, modernize administration, develop human capital and vitalize sectors that can boost the economy and generate jobs,” a statement revealed.

Result of a national brainstorming, the PNDES should absorb FCFA2,401.6 billion ($4bn) each year. The State will provide (on own funds) 65.3% of its financing while 22.6% will come from external sources.

Remaining 12.1% should be mobilized by issuing bonds on the WAEMU market in addition to establishing public-private partnerships.

Concerning economic outlook, those behind the PNDES eye a 7.3% yearly growth. To achieve this, Burkina’s economy is to be transformed, structurally, with a particular accent on production. In the process, 13,000 jobs should be generated each year.