Burkina Faso Adopts a New Agricultural Investment Code: How does it Contribute to Sustainable Development?
IISD (Mohamed Coulibaly)
In June 2018, the President of Burkina Faso enacted a new agriculture investment code, aiming at promoting productive investments in livestock, fisheries, forestry and fauna management. It establishes an enabling environment and creates incentives to boost investment in the targeted sectors. Despite some shortcomings that can be fixed through implementation, the code is an important step in the right direction to attract responsible investment. It also provides more clarity and coherence for investors while strengthening the existing legal and regulatory system governing issues such as land and labour rights, environmental protections, and tax obligations.