In Burkina Faso, Captain Ibrahim Traoré launches an ambitious economic recovery plan
Captain Ibrahim Traoré, Head of State, announced an ambitious recovery plan during a speech delivered last Sunday, April 28th. This plan, which will be implemented as early as this week, marks a decisive turning point in President Ibrahim Traoré’s efforts to overcome economic challenges in the country.
The flagship measure of this plan is the immediate repayment of the domestic debt accumulated over the past few months. « Starting next week, all small debts will be paid. Then, we will gradually move towards the larger ones, so that the national economy can restart », declared Captain Traoré firmly.
This announcement was met with relief by local businesses that have long suffered from delays in payment by the state, which has hindered their activity. By finally settling its debts, the authorities hope to inject new momentum into the country’s economic fabric.
But this is only a first step in Captain Traoré’s ambitious plans. He also envisages a massive industrialization strategy for Burkina Faso, aiming to break free from dependence on the export of raw materials. « We have assessed our natural resources, not only gold, and we plan to build factories to process everything locally », he explained. A concrete example of this vision is the use of quality clay to replace clinker in cement production, thereby paving the way for a national value-added chain.
At only 36 years old, Captain Traoré displays unwavering determination to quickly transform his country’s economy, despite the years of political and security instability that have weakened it. His ambitious goal is not only to revitalize the economy but also to regain control of territories held by jihadist groups.
President Ibrahim Traoré, by combining debt repayment with an industrialization strategy, aims to breathe new economic vitality into Burkina Faso, while demonstrating that his military takeover was guided by a genuine roadmap for national recovery.
