Burkina Faso: The country is on course to become the fourth-largest economy in the CFA zone, according to a forecast by the IMF
Burkina Faso, currently ranked fifth in the Francophone CFA zone in terms of economic strength, is poised to ascend to the fourth position by the end of 2024, according to a forecast by the International Monetary Fund (IMF).
This projection indicates that under the leadership of Captain Ibrahim Traoré, the country’s economy will be valued at $21.9 billion, equivalent to over 13,650 billion CFA francs, surpassing its 2020 GDP of $20.3 billion.
Meanwhile, Mali, previously in fourth place, will slide to fifth, and Niger will hold the eighth position.
Economic analysis by Agence Ecofin estimates the combined GDP of these three countries of the Alliance of Sahel States, AES to be $62.3 billion.
According to the IMF’s outlook, Côte d’Ivoire will secure the top spot, followed by Cameroon and Senegal.
Côte d’Ivoire’s economy is projected to breach the $100 billion mark for the first time in 2026, reaching $109 billion by 2027, as reported by the Agency.
«The Mali and Burkina Faso, predominantly known for their mining resources, have undergone significant political changes in recent years, which continue to impact their economies», reads a passage in the Agence’s article on the subject.
Cedric kABORE
