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Marché du crédit et travail décent au Burkina Faso

Author

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  • Adama Zerbo

    (GED, Université Montesquieu Bordeaux IV)

Abstract

Cette étude visait à dégager des pistes de réflexions pour une meilleure coordination des politiques visant à faciliter l’accès au crédit et à optimiser son allocation dans l’économie pour plus de travail décent au Burkina Faso. Elle montre que le marché du crédit burkinabé est compartimenté en quatre segments qui se distinguent par les mécanismes d’offre de crédit, de gestion de l’information et du risque de crédit. Par ailleurs, l’appel public à l’épargne de l’Etat s’apparente au financement des dépenses publiques par le circuit bancaire au regard de ses effets directs significatifs sur le marché crédit. Le cloisonnement du marché du crédit réduirait significativement l’efficacité des instruments traditionnels de politique monétaire, ainsi que l’impact du marché du crédit sur le travail décent. Pour y remédier, les pistes de réflexions suivantes méritent d’être approfondies : (i) la mise en place d’un système de garanties accessible aux petites et moyennes entreprises, (ii) le renforcement de l’efficacité du système judiciaire pour améliorer le taux de recouvrement des crédits en souffrance afin de réduire l’aversion des banquiers pour le risque, (iii) l’accroissement de la disponibilité et la fiabilité de l’information comptable au niveau des PME afin de permettre aux créanciers d’apprécier le risque à prendre et (iv) le développement à l’horizontale et à la verticale du micro-crédit pour une complémentarité efficace entre crédit bancaire et micro-crédit. This paper aimed to underline reflections tracks for better coordination of credit market policies in Burkina Faso so as to boost decent work. It shows that Burkina Faso credit market has four compartments which are characterized by their credit supply, information and risk management mechanisms. In addition, Treasury bond emission remains equal to the financing of public expenditure by banking system in regard to his effects on credit market. The segmentation of credit market would significantly reduce effective of monetary policy and impact of credit market on decent work. To cure it, following reflections tracks have to be thorough: (i) creating guarantees device accessible to SME; (ii) reinforcing legal system effectiveness to improve the recovery rate of overdue credits in order to reduce bankers’ aversion for risk; (iii) improving of availability and reliability of hard information in SME in turn to allow creditors to assess the risk; (iv) horizontal and vertical development of micro-credit for effective complementary between banking system and microfinance. (Full text in french)

Suggested Citation

  • Adama Zerbo, 2006. "Marché du crédit et travail décent au Burkina Faso," Documents de travail 133, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
  • Handle: RePEc:mon:ceddtr:133
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    References listed on IDEAS

    as
    1. J. J. McCall, 1970. "Economics of Information and Job Search," The Quarterly Journal of Economics, Oxford University Press, vol. 84(1), pages 113-126.
    2. Adama Zerbo, 2006. "Marché du travail urbain et pauvreté en Afrique subsaharienne : un modèle d’analyse," Documents de travail 129, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    3. Adama Zerbo, 2002. "Une approche non probabiliste d'analyse de la dynamique multidimensionnelle du bien-être. Pauvreté, vulnérabilité et exclusion," Documents de travail 70, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    4. Weiss, Andrew W, 1980. "Job Queues and Layoffs in Labor Markets with Flexible Wages," Journal of Political Economy, University of Chicago Press, vol. 88(3), pages 526-538, June.
    5. Stiglitz, Joseph E & Weiss, Andrew, 1981. "Credit Rationing in Markets with Imperfect Information," American Economic Review, American Economic Association, vol. 71(3), pages 393-410, June.
    6. repec:ilo:ilowps:241842 is not listed on IDEAS
    7. Florent BRESSON, 2004. "Effet du développement financier sur les inégalités de revenus au travers des investissements productifs et éducatifs," Working Papers 200409, CERDI.
    8. Michael Spence, 1973. "Job Market Signaling," The Quarterly Journal of Economics, Oxford University Press, vol. 87(3), pages 355-374.
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    Cited by:

    1. Adama Zerbo, 2010. "Politiques actives du marché du travail en Afrique : un cadre d'analyse théorique," Documents de travail 154, Groupe d'Economie du Développement de l'Université Montesquieu Bordeaux IV.
    2. Thiombiano, Lardia Marcel, 2013. "Essai sur le système financier: une analyse du marché du crédit en Afrique Subsaharienne [Essay on the financial system: an analysis of credit market in Sub-Saharan Africa]," MPRA Paper 49011, University Library of Munich, Germany.

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    More about this item

    JEL classification:

    • E3 - Macroeconomics and Monetary Economics - - Prices, Business Fluctuations, and Cycles
    • J5 - Labor and Demographic Economics - - Labor-Management Relations, Trade Unions, and Collective Bargaining

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