Captain Ibrahim Traoré, who has led Burkina Faso since a 2022 coup, is specializing in financial autonomy to scale back reliance on overseas support and harness inner assets.
This technique, aligned with the Alliance of Sahel States alongside Mali and Niger, displays a push for financial sovereignty.
“This model is based on leveraging internal resources. It has enabled the head of state and his government to prioritise agriculture. But the other key aspect is the industrialisation of our production,” says Hamidou Sawadogo, a professor of financial and monetary economics on the University Joseph KI-Zerbo.
Agriculture is now on the core of financial priorities, with devoted funding and elevated manufacturing capability. The result’s that almost six million tonnes of cereal had been harvested in 2024.
However, given the nation’s decade-long battle towards Islamist insurgents, securing the territory stays essential.
“Personally, I would recommend further investment in territorial defence to ensure our survival. Once that is secured, we can continue developing our internal growth model,” says Sawadogo.
In the meantime, the influence of the brand new insurance policies is evident. Economic development is bettering, GDP is accelerating, with a 3.7 per cent improve projected for 2024.
However, with persistent safety and structural challenges, Burkina Faso should adapt its mannequin to the realities of its improvement.
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