Burkina Faso’s President Ibrahim Traore has made a bold statement by rejecting loans from the International Monetary Fund (IMF) and the World Bank.
In a show of confidence in his country’s abilities, Traore declared, “Africa doesn’t need the World Bank, IMF, Europe, or America”.
By turning down external financial aid, Burkina Faso is asserting its financial sovereignty and demonstrating a commitment to prioritizing the well-being of its citizens over external pressures.
President Traore also declined an invitation from former US President Donald Trump to visit the White House.
This decision further solidifies Traore’s stance on maintaining his country’s autonomy and independence.
Traore’s focus rather is on pouring his energy into boosting agriculture, industrialization, and building health facilities.
This proactive approach is expected to drive economic growth and improve the lives of Burkina Faso’s citizens.
Under Traore’s leadership, Burkina Faso has made notable progress in various sectors.
The country has seen significant economic growth, with its GDP surging from approximately $18.8 billion to $22.1 billion.
Additionally, Traore’s administration has paid off local debts, ensuring fiscal stability in the country.
