The Burkinabé government has unveiled its second National Financial Inclusion Strategy (SNFI 2), aiming to increase financial inclusion to 90% by 2031. The strategy, valued at 44.2 billion FCFA ($77 million), seeks to expand access to financial services, accelerate digitalization, and better protect vulnerable populations, including women, youth, and vulnerable persons. The plan was presented at a national workshop in Ouagadougou on November 6, 2026.
The new strategy builds on the success of the first SNFI, which exceeded its target of 75% financial service utilization by 2023. The government reported a significant increase in financial inclusion, from 70.5% in 2019 to 79.04% in 2023. This progress has encouraged the authorities to set a more ambitious goal of 90% by 2031. The strategy focuses on promoting equitable access to financial services, particularly for underserved groups.
The SNFI 2 is designed to address the needs of various populations, including women, youth, and vulnerable persons. The strategy's vision is to create an inclusive and equitable financial system, allowing all Burkinabé to access adapted, secure, and affordable financial services. This, in turn, aims to enhance their resilience and financial and social well-being. The plan's implementation will be crucial in promoting economic growth and reducing poverty.
According to Wango Fidèle Yaméogo, Director-General of the National Agency for the Promotion of Financial Inclusion (ANPFI), the country's progress in financial inclusion demonstrates its potential for further growth. He noted that the 79% target was exceeded, with a financial inclusion rate of 81.8% recorded in December 2025. The new strategy will focus on consolidating these gains while expanding the scope of interventions.
The SNFI 2 is structured around five strategic axes, including the reinforcement of equitable access to and use of financial services. The strategy also prioritizes the development of instruments tailored to the diverse needs of households, entrepreneurs, producers, and small enterprises. This approach aims to promote a more inclusive and responsive financial system.
Vieux Abdoul Rachid Soulama, Secretary-General of the Ministry of Economy and Finance, emphasized the importance of ensuring equitable access to financial services. He noted that the goal is not only to increase access to financial services but also to guarantee their quality and security. The authorities aim to create a financial system that is both inclusive and effective.
The Burkinabé government has made significant strides in promoting financial inclusion, and the launch of SNFI 2 marks a crucial step towards achieving its ambitious goals. The strategy's success will depend on effective implementation, coordination among stakeholders, and continued support from development partners.
Key points
- The Burkinabé government aims to increase financial inclusion to 90% by 2031 through its second National Financial Inclusion Strategy.
