President Ibrahim Traoré of Burkina Faso has achieved significant economic milestones in his two-year tenure.
Some key developments include.
GDP Growth:
Burkina Faso's GDP grew from $18.8 billion to $22.1 billion, representing an 18% increase.
- Debt Repayment:
Traoré paid off Burkina Faso's local debts and external debt of $4.7 billion, freeing up resources for development projects.
Agricultural Boost:
Agricultural production surged, with:
1. Tomato production increasing from 315,000 metric tonnes to 360,000 metric tonnes.
2. Millet production rising from 907,000 metric tonnes to 1.1 million metric tonnes.
3. Rice production growing from 280,000 metric tonnes to 326,000 metric tonnes.
Industrial Development:
Traoré's administration invested in:
1. Two tomato processing plants, the first-ever in Burkina Faso.
2. A state-of-the-art gold mine to enhance local processing capabilities.
3. A gold refinery expected to process 150 tonnes annually.
4. Two cotton processing plants, with the National Support Center for Artisanal Cotton Processing assisting local farmers.
Economic Reforms:
Traoré rejected loans from the International Monetary Fund (IMF) and the World Bank, emphasizing self-reliance and economic sovereignty.
Infrastructure Development:
His government is constructing new roads, widening existing ones, and upgrading gravel roads to paved surfaces, and building a new airport, the Ouagadougou-Donsin Airport.
Social Initiatives:
Traoré's administration introduced free surgeries, improved healthcare systems, and prioritized local industries, including a factory producing police and military uniforms.
- 45
-
0
- 0
- 0
- 0
