Burkina Faso economy growth from $18.8 M to $22.1 || President Ibrahim Traore in Power
Two Years of President Ibrahim Traoré in Power
Burkina Faso’s economy grew from $18.8 billion to $22.1 billion.
He refused loans from the International Monetary Fund (IMF) and the World Bank, saying Africa does not need financial help from them or Western countries.
He reduced government spending by cutting ministers' and parliamentarians' salaries by 30% while increasing civil servants' salaries by 50%.
He cleared Burkina Faso’s local debts.
He built two tomato processing factories, the first ones ever in the country.
In 2023, he opened a modern gold mine to process gold locally instead of sending it abroad.
He stopped exporting unprocessed gold to Europe, ensuring it is refined in Burkina Faso.
He built the country’s second cotton processing factory. Before this, Burkina Faso had only one.
He set up a National Support Center to help local cotton farmers process their products.
He banned British-style legal wigs and gowns in courts and replaced them with traditional Burkinabé clothing.
He boosted agriculture by giving out 400 tractors, 239 tillers, 710 water pumps, and 714 motorcycles to farmers.
He provided better seeds and farm supplies to help farmers grow more food.
Tomato production increased from 315,000 metric tonnes in 2022 to 360,000 in 2024.
Millet production grew from 907,000 metric tonnes in 2022 to 1.1 million in 2024.
Rice production went up from 280,000 metric tonnes in 2022 to 326,000 in 2024.
He stop.ped French military operations in Burkina Faso.
He ex.pelled French troops from Burkina Faso.
His government is improving roads by building new ones and upgrading old ones from gravel to paved surfaces.
He is building a new airport, expected to be completed in 2025, which will serve 1 million passengers per year.
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