IMF Approves $32 Million in Funding for Burkina Faso Amid Economic Challenges

• Financial support aims to provide relief amid security and humanitarian crises
• GDP growth projected to accelerate to 4.2% in 2024, reflecting economic resilience

Ouagadougou, Burkina Faso – The International Monetary Fund (IMF) has announced the approval of $32 million in financial support for Burkina Faso under its Extended Credit Facility (ECF). The decision follows negotiations between the IMF and the Burkinabè government, conducted from September 30 to October 9, 2024, in Ouagadougou and Washington. The funding is expected to offer temporary relief to the nation’s strained economy.