Burkina Faso: The economy under Captain Ibrahim Traoré, bold reforms for transparent and effective management
Since coming to power in September 2022, Captain Ibrahim Traoré has initiated a series of reforms aimed at revitalizing the Burkinabe economy and restoring citizens’ trust in public governance. In a context marked by both security and economic challenges, the new leadership has prioritized transparency and the fight against corruption, laying the foundation for sustainable and inclusive growth.
One of Captain Traoré’s first actions was the restructuring of the public administration. His government launched audits to examine public accounts and identify dysfunctions. These audits uncovered massive embezzlement and led to rigorous investigations. Several high-ranking officials and managers were sanctioned, sending a strong message against impunity and demonstrating the new authorities’ determination to put an end to endemic corruption.
The strict management of public resources has also resulted in better budget allocation, particularly in key sectors such as agriculture, healthcare, and education. By promoting a fairer redistribution of resources, the government managed to revive infrastructure projects that had long been stalled due to private interests. Additionally, reducing unnecessary spending and strengthening fiscal measures helped increase state revenue.
The establishment of a Commission for the Regulation of Malfunctions (CRD) also marked a turning point in the fight against corruption. This commission, endowed with broad powers, aims to identify and correct anomalies in the management of public projects. Thanks to this initiative, the government has been able to recover embezzled funds and foster a climate of trust with economic partners.
Despite ongoing difficulties, the reforms initiated by Captain Traoré have begun to yield results. Burkina Faso is now showing improving growth indicators, and investor confidence is gradually being restored. Transparency and rigor in public management have become cornerstones of this new economic dynamic, marking a break from past practices and offering a glimmer of hope for the country’s recovery.
