Burkina Faso: Focus on the fundamentals of an economy that is regaining the confidence of its partners
The recent meeting granted by the President of Faso, Captain Ibrahim Traoré, to the Deputy Managing Director of the IMF, Mr. Kenji Okamura, has highlighted a national economic dynamic increasingly perceived as attractive by international financial institutions. Beyond protocol, this encounter reveals the pillars upon which Burkina Faso is rebuilding its credibility and drawing strategic support.
First factor of attractiveness: the clarity and firmness of the economic policy vision.
The Head of State presented his guest with a clear and determined roadmap. In a complex regional context, this ability to define and communicate coherent economic priorities sends a strong signal to partners.
It reduces uncertainty and demonstrates a will to anchor governance in predictability and the pursuit of structured objectives.
Second major advantage: the tangible consolidation of macroeconomic fundamentals. Mr. Okamura’s remarks were unequivocal: “Public finances are stabilizing; the macroeconomic framework is strengthening.”
This assessment indicates that efforts in fiscal discipline, inflation control, and deficit management are bearing fruit.
Stabilizing public finances is the essential condition for creating an environment conducive to recovery and investment, whether public or private.
Third compelling element: the commitment to sustained and credible structural reforms.
The IMF representative praised the “key ongoing reforms.” These reforms, often technical and long-term (tax administration, governance of key sectors, business climate), are essential to unlocking growth potential.
The fact that they are recognized by an institution like the IMF attests to their seriousness and alignment with good practices, thereby boosting confidence among other donors and investors.
Finally, the attractiveness lies in the quality and strength of the partnership itself. The statement that the partnership is “stronger than ever” goes beyond mere diplomacy.
It reflects a mature relationship, built on observable results and constructive dialogue.
For a developing country, this trusted relationship with a major financial institution is a guarantee of stability and a catalyst for mobilizing other resources.
The Burkinabe economy is becoming attractive not by miracle, but through the rigorous execution of a committed economic program.
It draws interest because it demonstrates its capacity to stabilize its foundations, undertake profound transformations, and forge reliable alliances; thus laying the groundwork for more resilient and inclusive growth in the years ahead.
Maurice K.ZONGO
