![President of Burkina Faso Ibrahim Traore arrives in the Kremlin for a gala concert for heads of foreign delegations attending the 80th anniversary of Victory in the Great Patriotic War, in Moscow, Russia on May 8, 2025. [Photo by Alexandr Kryazhev/RIA Novosti/Pool/Anadolu via Getty Images]](https://ocdn.eu/pulscms/MDA_/c2a44985fedef64f88a2a77df332355d.jpg)
Burkina Faso is a step closer to securing nearly $105 million in fresh financing from the International Monetary Fund (IMF) after reaching a staff-level agreement with the lender following a review of its economic reform programme.
- Burkina Faso is on track to receive approximately $104.89 million from the IMF following a staff-level agreement reached after a recent review mission.
- The funding remains subject to approval by the IMF Executive Board, expected at the end of June 2026.
- The review assessed the country’s reform efforts amid persistent security and humanitarian pressures.
- The potential disbursement is expected to support economic stability and climate resilience initiatives.
The agreement was reached at the end of an IMF mission to Ouagadougou from May 4 to 13, as the West African nation continues to grapple with persistent security threats and humanitarian challenges that have placed pressure on public finances and economic growth.
In a statement, IMF Resident Representative in Burkina Faso, William Gbohoui, said IMF staff and Burkinabe authorities had concluded discussions under the fifth review of the country’s programme supported by the Extended Credit Facility (ECF), as well as the first review under the Resilience and Sustainability Facility (RSF).
The reviews assessed the government’s economic policies and reform efforts amid a difficult operating environment marked by insecurity and displacement.
If approved by the IMF Executive Board, which is expected to consider the agreement at the end of June, Burkina Faso would gain access to 76.62 million Special Drawing Rights (SDRs), equivalent to approximately $104.89 million.
The potential disbursement comes at a critical time for the country, which has been balancing economic management with the costs of responding to security and humanitarian crises.
According to the IMF, the funding would support ongoing reforms to strengthen macroeconomic stability and help Burkina Faso improve its resilience to climate-related shocks.
The approval would also signal continued international backing for the government’s reform agenda, providing additional resources as authorities seek to stabilise the economy and address long-term development challenges.
