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Domestic public debt: Burkina Faso repays more than 75%

21/01/2025
Source : ORISHAS FINANCE
Categories: Sectors

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Dans le but de renforcer sa economic sovereignty, Burkina Faso is embarking on the rigorous management of its public debt, in particular on the repayment of domestic debt.

The strategy of Burkina Faso aims to support the national economy, relaunch productive activities and strengthen the confidence of local economic actors. It could serve as a model for other countries in the region facing similar challenges. According to the Ministry of Finance, Burkina Faso's total public debt reached 7,148.29 billion CFA francs as of December 31, 2023, divided between 3,953.13 billion in domestic debt and 4,195.16 billion in external debt

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The Burkinabe government managed to repay in 2024 a significant amount intended mainly for local businesses, according to statements by Prime Minister Joachimson Kyélem de Tambèla. The repayment of domestic debt is part of a wider strategy to boost the national economy. This strategy also makes it possible to reduce Burkina Faso's dependence on external financing and to strengthen the country's economic resilience. By massively repaying its domestic debt, the government is promoting the conditions for autonomous and sustainable development

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