Burkina Faso Just Paid $4.79 Billion Of Its National Debt Without Western Aid


Burkina Faso Just Paid $4.79 Billion Of Its National Debt Without Western Aid


#africanews #ibrahimtraore #burkinafaso
While other African countries are struggling to pay their debt and even borrowing more from the West, the member countries of AES are paying off their debts. This is astonishing given the fact that these countries are usually regarded by the rest of the world as the poorest countries in Africa. Not to…

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  1. The national debt in Burkina Faso was forecast to continuously increase between 2024 and 2029 by in total 2.3 billion U.S. dollars (+18.28 percent).

  2. By ASSOCIATED PRESS

    Updated 11:12 PM GMT+1, December 6, 2024

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    OUAGADOUGOU, Burkina Faso (AP) — Burkina Faso’s ruling military junta issued a decree Friday dismissing Prime Minister Apollinaire Joachim Kyelem de Tambela and announcing the dissolution of the national government.

    The military’s leader, Ibrahim Traore, said officials in the dissolved government will continue to perform their duties until a new government is formed. No reason was given for the move.

    The junta in Burkina Faso seized power in September 2022 by ousting the military rule of Lt. Col. Paul Henri Sandaogo Damiba about eight months after it staged a coup to remove democratically elected President Roch Marc Kaboré.

    The country is one of several West African nations where the military has recently taken over, capitalizing on popular discontent with previous democratically elected governments over security issues.

    However, since its inception, the junta has struggled to end Burkina Faso’s security challenges — the very reason that it claimed had prompted it to take power.

    Read more: https://apnews.com/article/tom-cruise-top-gun-navy-honor-britain-973f508e7d1359f5f473a6697c3e5984

  3. I love to hear this. But doesn’t China do the same ? China extends loans for projects. Brings their own people. When the African countries can’t pay. China takes the property. Whichbisbusuallybthe case and an advantage for China. Please talk balance in your podcast.

  4. I do hope that the benefits and prosperity they are seeking can be achieved by them. Wait and see what obstacles they find and how they handle them, hope they can overcome it all. Not sure relying on Russia or China is necessarily a great idea, but, within reason, sure they can help here and there, they have their quirks too. They are making things interesting.

  5. Confessions of an Economic Hitman by John Perkins explains so much of what we need to know. You need courageous leadership to stand up to the ruthless greed of the West. We in the USA had General Washington but the we became the same evil. I pray for the former Francophone countries of Africa.