Burkina Faso President Turns Down Financial Assistance from The IMF.

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Africa Reloaded

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Burkina Faso President Turns Down Financial Assistance from The IMF.


As of 2023, Africa’s total debt amounted to about 1.8 trillion dollars. Interestingly, as high as this figure may seem, it is actually lower than any world region. It would surprise you to know that Germany, a country in Europe, has a debt stock of about 2.9 trillion dollars which is far greater than all the debts of African countries put…

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40 Comments

  1. President Tarore is an absolute hero, not taking loans from IMF and what ever money he has instead of spending in luxury car for himselves and his team , he has bought Agriculture farm machineries so that he can grow the AGRO industry give better aides to his farmers, he has invested in tools that will sprout Growth for his people and the country , Great leader and We Salute President Tarore

  2. Who are they I debt to,and why? They have all the gold and resources, which is the real money! I think those leaders are foolish! Thanks to the Most Highest Power, it is all coming to an end! Helleluyah!!!.

  3. African countries need to stop letting Western countries plunder their mineral resources and insist on minerals being partially processed in country creating viable jobs and creating additional income, they should also invest more in agriculture instead of relying on cheap imports of food that destroys their own farmers and makes them hostage to outside influence.

  4. I fully agree with your view that the West practices double standard! But Burkina Faso must also move away from the controls of France and establishes a stable govt, with good planning of economy, eliminating corruption as top priority!

  5. Also the interest! Rates to pay back is "higher." It the samething L.F.S. Burnham 1st. Exsective President of Guyana. Did some years ago! Turn down the I.M.F. money.. when u borrow their money. The want tp tell u how to "spend it" it ur country! U must know, where to spend it to help ur ppl. They tell u how to spend it, so u would remain in "debt" & they would be willing to lend u more to "keep yuh down".

  6. NO Africa doesn't really need World Bank and IMF Financial assistance at all in the first place. Borrowing the money from the Monopolize Western Centralized Banks are the root cause of Corruptions and Money Laundering schemes of the Politicians. IF The United States became energy independent during Trump's Era. Then African Nations can become Energy and Agricultural Independent. Africa ln Nations should become United and Unified. They got massive Fertile Lands everywhere in Africa! They should ban Elon Musk from doing Lithium ion mining there instead Africans should grow their own food to End The Hunger crisis in Africa. Africa should boycott and stop using The US Dollars they should print their own money based on their Country's GDP growth and Gold and Silver Deposits. Actually The Whole World doesn't really need Western Centralized Banks in The First Place.