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A proposed solution for reducing poverty in gaoua

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Final project in Financing for development course

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A proposed solution for reducing poverty in gaoua

  1. 1. A PROPOSED SOLUTION FOR REDUCING POVERTY IN WESTERN BURKINA FASO Nerea Santos Cervera 09/12/2015 Spain 1
  2. 2. BRIEF SUMMARY OF BURKINA FASO  Burkina Faso is faced with high levels of food insecurity, being one of the poorest countries in the world.  Burkina Faso has around 44.5% of its population living under the poverty line and it is ranked 183 out of 187 countries on the UNDP Human Development Index in 2014.  A large part of the economic activity of the country is funded by international aid.  It was ranked the 111th safest investment destination in the world in the March 2011 Euromoney Country Risk rankings. Remittances used to be an important source of income to Burkina Faso until the 1990s, when unrest in Ivory Coast, the main destination for Burkinabe emigrants, forced many to return home. Remittances now account for less than 1% of GDP.  The growth rate in Burkina Faso is high although it continues to be plagued by corruption. 2
  3. 3. SUMMARY OF THE PROJECT  The proposed project is located in Gaoua, a region situated in south western of Burkina Faso.  This region is characterised by high levels of food insecurity, poverty and illiteracy.  The project consists of implementing an agronomical school for women in 2 hectares of land, which aims to reduce the following Sustainable Development Goals:  Reduce poverty, by generating incomes  Avoid futures famines, by reducing food insecurity  Improve education, towards training workshops  Allow access to clean drinking water, through the construction of a well.  Based on clean energy, like solar panels that provide solar power to the water borehole and the school.  Also, this project will contribute to reduce gender inequalities and create a sustainable community, among others. 3
  4. 4. MAIN SUSTAINABLE DEVELOPMENT GOALS TO ACCOMPLISH 4
  5. 5. SUMMARY OF THE PROJECT  Surface required: 2 hectares  Infrastructures to develop: Solar powered water borehole, water storage tank, on-land food processing capacity, space for training courses and poultry house.  Money required: $60.000  Time for execution: 2 years  Target group: women of Gaoua community 5
  6. 6. PROJECT EXPECTED 6
  7. 7. PROJECT EXPECTED 7
  8. 8. FUNDING SOURCE SELECTED  As we have learnt in this course, there are several financial sources, like public finance, private finance or multilateral development banks.  In this case, the option most apropriate is look for funding in a Non-Govermental Organization (NGO), because the money required is small and there are several calls for proposals.  Particularly, for this project I have chosen a NGO who is looking for proposals in west africa, based on food insecurity and with a maximum funding amount of $100.000. 8

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