This paper presents an analysis of the importance of collective action for the realization of Natural Resource Management (NRM) investments and its effect on community-level efficiency in the provision of NRM investments. This study is based on survey data collected in 2002 in 78 villages of northeastern Burkina Faso. The general cooperative capacity of each community is first recovered for any type of collective activity and is then used to explain the probability of a community undertaking reforestation activities and/or stone bunds construction, as well as to explain the efficiency level in the realization of those investments. Empirical results show that greater cooperative capacity indeed increases the likelihood of NRM investments to be undertaken at the community level; however, greater cooperative capacity also appears to lead to inefficient provision of these public goods.