Burkina Faso: The State raises capital of CFAF 130 billion thanks to the good governance of President Ibrahim Traoré

Despite security challenges, Burkina Faso, under the leadership of President Ibrahim Traoré, successfully raised 130 billion FCFA on the financial market of the West African Economic and Monetary Union (WAEMU), surpassing its initial target of 120 billion FCFA. This notable achievement, a testament to President Traoré’s good governance, illustrates investor confidence in the stability and credibility of the “Land of honest People.”

From April 11 to May 13, 2024, Burkina Faso launched a public savings call on the WAEMU financial market.

According to a FinancialAfrik report, this call was highly successful, raising a total of 130 billion FCFA with a subscription rate of 108%.

This result exceeded initial expectations and reflects the country’s financial solidity and reliability among regional investors.

This financial success is no accident. It stems from the good governance policies implemented by President Ibrahim Traoré.

Since taking office, President Traoré has undertaken major economic reforms and established an environment of trust and transparency in public affairs management.

These efforts have bolstered Burkina Faso’s credibility on the international stage and attracted substantial investments despite a complex security and geopolitical context.

The country’s performance on the financial market once again demonstrates its resilience and the trustworthiness of its financial standing.

Investors continue to have confidence in Burkina Faso’s economy, acknowledging its stabilization and economic development efforts.

The rigorous management of public finances and initiatives to enhance transparency have been crucial to this success.

Data from FinancialAfrik shows that banks were the main contributors, accounting for 44% of the subscriptions. Pension and retirement organizations followed with 23%, while the insurance sector contributed 14%. This diversity of subscribers highlights the attractiveness of the Burkinabe market to various financial actors.

The subscription drew investors from several countries in the region, including Burkina Faso, Togo, Benin, Côte d’Ivoire, Senegal, and Niger.

This regional participation underscores the economic integration and financial cooperation within WAEMU, further strengthening economic ties among member countries.

It is important to note that under President Ibrahim Traoré’s enlightened leadership, Burkina Faso is achieving significant milestones.

 He has once again demonstrated his ability to mobilize substantial financial resources on the regional market despite security challenges.

The raising of 130 billion FCFA reflects investor confidence and the robustness of Burkina Faso’s economy.

This success enhances Burkina Faso’s position as a credible and resilient actor on the West African financial scene and opens the door to new development and growth opportunities for the country.

The reforms initiated by President Traoré continue to bear fruit, consolidating Burkina Faso’s stability and prosperity.

Olivier TOE