The banking and financial sector in Burkina Faso has committed to strengthening its support for the government's implementation of the RELANCE plan, a development strategy aimed at driving economic growth and improving living standards. This commitment was made on September 22, 2026, in Ouagadougou, during a meeting between Finance Minister Dr. Aboubakar Nacanabo and representatives of banks, financial institutions, and microfinance organizations. The meeting focused on mobilizing domestic savings for productive investments.
The RELANCE plan, which covers the period 2026-2030, aims to accelerate economic growth and development in Burkina Faso. The plan targets key sectors such as energy, industry, agriculture, and infrastructure, with the goal of increasing access to financial services, boosting investment, and creating jobs and wealth. According to the minister, the government's strategy relies on mobilizing domestic savings, leveraging the expertise of financial institutions, and addressing the needs of the productive sector.
The Burkinabé government's plan is to rely on the banking and financial sector to support the implementation of the RELANCE plan, with the aim of reducing dependence on external financing. The sector has shown significant growth in recent years, with a 290 billion CFA franc increase in subscriptions to public securities between 2023 and 2025. This growth demonstrates the sector's capacity to mobilize resources for development.
The RELANCE plan sets ambitious targets, including increasing access to financial services from 79% to 88%, boosting the bank penetration rate from 37% to 47%, and increasing credit to the economy from 30% to 38% by 2030. Achieving these targets will require close collaboration between the government and the banking and financial sector.
Minister Nacanabo emphasized that the government's vision is to strengthen Burkina Faso's capacity to finance its development using domestic resources. He called on the banking and financial sector to play a more active role in supporting the RELANCE plan, which is critical to the country's economic development and growth.
The meeting between the minister and financial sector representatives discussed ways to mobilize domestic savings and channel them into productive investments. The government aims to ensure that nearly two-thirds of the RELANCE plan's financing comes from domestic sources, with the banking and financial sector playing a key role in supporting strategic projects and productive activities.
The successful implementation of the RELANCE plan will depend on the effective mobilization of domestic resources and the active participation of the banking and financial sector. The sector's commitment to supporting the plan is seen as a positive step towards driving economic growth and development in Burkina Faso.
Key points
- The Burkinabé banking and financial sector has pledged to support the government's RELANCE plan by mobilizing domestic savings for productive investments.
