Burkina Faso / The Treasury Depository Bank: A weapon of transparency and integrity under the presidency of Captain Ibrahim Traoré

In a steadfast commitment to govern Burkina Faso with integrity and transparency, President Ibrahim Traoré has launched several initiatives aimed at eradicating corruption and ensuring rigorous management of public funds.

One of his most significant actions is the establishment of the Treasury Deposit Bank.

This public financial institution was created to centralize the deposits of all state institutions, thereby preventing the dispersion and embezzlement of public funds.

Before the creation of the Treasury Deposit Bank, Burkinabe institutions, including ministries, the National Assembly, and various directorates, had the liberty to deposit their funds in private banks.

This practice not only fragmented the financial management of the state but also opened the door to corruption.

Some institutions went as far as creating multiple accounts in different banks, a situation that facilitated the diversion of public funds for personal use.

The Treasury Deposit Bank marks a significant advancement in the fight against corruption.

By centralizing public funds, it ensures greater traceability and transparency of the state’s financial transactions.

This initiative allows for better monitoring of financial flows, ensuring that public money is used in accordance with the nation’s interests.

Through the creation of this institution, President Ibrahim Traoré demonstrates a strong commitment to deeply reforming the country’s financial management mechanisms.

This action, in addition to strengthening citizens’ trust in institutions, marks a decisive step towards more honest and transparent governance, distancing itself from the corrupt practices of the past.

Cedric KABORE