In Burkina Faso, Captain Ibrahim Traoré launches an ambitious economic recovery plan

Captain Ibrahim Traoré, the Head of State, unveiled an ambitious revitalization plan during a speech delivered on Sunday, April 28. This plan, set to commence this week, represents a significant shift in President Ibrahim Traoré’s efforts to address economic challenges in the country.

The flagship initiative of this plan involves the immediate repayment of the accumulated domestic debt from recent months. «Starting next week, all small debts will be settled.

Then, we will gradually move towards the larger ones to kickstart the national economy», firmly stated Captain Traoré.

This announcement was met with relief by local businesses that have long struggled with delayed payments from the government, hindering their operations.

By finally settling its debts, authorities hope to inject new momentum into the country’s economic fabric.

However, this is just the first step in Captain Traoré’s ambitious plans. He also envisions a massive industrialization strategy for Burkina Faso, aiming to break away from dependence on raw material exports.

«We have assessed our natural resources, not just gold, and we plan to build factories to process everything locally», he explained.

An actual example of this vision is the use of high-quality clay to replace clinker in cement production, paving the way for a national value-added chain.

At only 36 years old, Captain Traoré displays unwavering determination to rapidly transform his country’s economy, despite years of political and security instability that have weakened it.

His ambitious goal is not only to revitalize the economy but also to regain control of territories held by jihadist groups.

President Ibrahim Traoré, by combining debt repayment with an industrialization strategy, aims to infuse a new economic dynamism into Burkina Faso while demonstrating that his military takeover was guided by a genuine roadmap for national recovery.

Cedric KABORE