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MF, Interpol, IOC, IOM, IPU, ISO (correspondent), ITU, ITUC, MIGA, MONUC, NAM, OIC, OIF, ONUB, OPCW, PCA, UN, UNCTAD, UNESCO, UNIDO, UNOCI, UNWTO, UPU, WADB (regional), WAEMU, WCL, WCO, WFTU, WHO, WIPO, WMO, WTO Diplomatic representation in the US: chief of mission: Ambassador Tertius ZONGO 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, 50-31-23-68 Flag description: two equal horizontal bands of red (top) and green with a yellow five-pointed star in the center; 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 for improved access to Western markets. GDP growth has largely been driven by increases in world cotton prices. Industry remains dominated by unprofitable government-controlled corporations. Following the CFA franc currency devaluation in January 1994, the government updated its development program in conjunction with international agencies; exports and economic growth have increased. The government devolved macroeconomic policy and inflation targeting to the West African regional central bank (BCEAO), but maintains control over fiscal and microeconomic policies, including implementing reforms to encourage private investment. The bitter internal crisis in neighboring Cote d'Ivoire continues to hurt trade and industrial prospects and deepens the need for international assistance. Burkina Faso is eligible for a Millenium Challenge Account grant, which would increase investment in the country's human capital. GDP (purchasing power parity): $17.87 billion (2006 est.) GDP (official exchange rate): $5.821 billion
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