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IMF unlocks $32.8m for Burkina Faso as insecurity rattles mining sector

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Justice Nwafor

Justice Nwafor is an award-winning journalist covering finance, energy, climate, and economic development across the region.
  • GDP growth hit 5.0% in 2024, but outlook dims amid security and investment risks
  • Gold output disrupted by terrorism, rising costs, and mining sector exits

Ouagadougou, Burkina Faso – The International Monetary Fund has completed the third review of Burkina Faso’s Extended Credit Facility programme, unlocking $32.8 million in fresh funding despite a worsening security landscape and falling investment in the gold sector. The latest disbursement, announced Friday, brings total IMF support under the arrangement to $131.3 million.

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