Diplomatic representation in the US:
chief of mission: Ambassador Paramanga Ernest YONLI chancery: 2340 Massachusetts Avenue NW, Washington, DC 20008 telephone: [1] (202) 332-5577 FAX: [1] (202) 667-1882
Diplomatic representation from the US:
chief of mission: Ambassador Jeanine E. JACKSON embassy: 602 Avenue Raoul Follereau, Koulouba, Secteur 4 mailing address: 01 B. P. 35, Ouagadougou 01; pouch mail - US Department of State, 2440 Ouagadougou Place, Washington, DC 20521-2440 telephone: [226] 50-30-67-23 FAX: [226] 50-30-38-90
Flag description:
two equal horizontal bands of red (top) and green with a yellow five-pointed star in the center note: uses the popular pan-African colors of Ethiopia
Economy
Burkina Faso
Economy - overview:
One of the poorest countries in the world, landlocked Burkina Faso has few natural resources and a weak industrial base. About 90% of the population is engaged in subsistence agriculture, which is vulnerable to periodic drought. Cotton is the main cash crop and the government has joined with three other cotton producing countries in the region - Mali, Niger, and Chad - to lobby in the World Trade Organization for fewer subsidies to producers in other competing countries. Since 1998, Burkina Faso has embarked upon a gradual but successful privatization of state-owned enterprises. Having revised its investment code in 2004, Burkina Faso hopes to attract foreign investors. Thanks to this new code and other legislation favoring the mining sector, the country has seen an upswing in gold exploration and production. While the bitter internal crisis in neighboring Cote d'Ivoire is beginning to be resolved, it is still having a negative effect on Burkina Faso's trade and employment. In 2007 higher costs for energy and imported foodstuffs, as well as low cotton prices, dampened a GDP growth rate that had averaged 6% in the last 10 years. Burkina Faso received a Millennium Challenge Account threshold grant to improve girls' education at the primary school level, and appears likely to receive a grant in the areas of infrastructure, agriculture, and land reform.
GDP (purchasing power parity):