Burkina Faso Military Junta to Focus on Economic Sovereignty

(3 Minutes Read)

Burkina Faso is prioritizing agriculture and optimal use of mineral wealth. It is also focusing on fiscal reforms and on bringing monetary stability.  Agriculture is now at the core of economic priorities, with dedicated funding and increased production capacity.

Captain Ibrahim Traoré, head of the military junta of Burkina Faso since a 2022 coup, is focusing on economic autonomy to reduce reliance on foreign aid and harness internal resources. Other countries in the Sahel region, such as   Mali and Niger, are also pushing for economic sovereignty.

Burkina Faso is prioritizing agriculture and optimal use of mineral wealth. It is also focusing on fiscal reforms and on bringing monetary stability.  Agriculture is now at the core of economic priorities, with dedicated funding and increased production capacity. The result is that nearly six million tonnes of cereal were harvested in 2024.

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However, given the country’s decades-long fight against Islamist insurgents, securing the territory remains crucial.   Economic growth is improving, and GDP is accelerating, with a 3.7 percent increase projected for 2024. However, with persistent security and structural challenges, Burkina Faso must adapt its model to the realities of its development.