The Golden Ticket: How Foreign Investments Finance the Education System: Proof from Burkina Faso

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Bazie, Porto
Siri, Alain
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African Economic Research Consortium
The challenge of human capital development remains an interesting subject for developing countries notably in Burkina Faso as is stipulated in the key objectives of the SDGs. Countries a r e s t r u g g l i n g t o a c h i e v e t h e o b j e c t i v e s o f i n c l u s i v e a n d quality education in accordance with ordinance n° 59-45 of 6th January 1959 on the compulsory right to education for children aged 6 t o 1 6 y e a r s , a n d t o s p r e a d that to tertiary levels. Education indicators have e x p e r i e n c e d a d e c r e a s e . F o r example the Gross Enrolment Rate experienced a decrease of 2.0 percentage points between 2019 and 2020, being placed at 47.3% and 49.3% in 2020/2021 and In 2019/2020 respectively. The complete rate which is at 36.7% has experienced a decrease by 2.3% percentage points as compared to 2019/2020.