Burkina Faso's President Ibrahim Traoré has defended his government's policy of taking control of strategic sectors of the economy, stating that the country's economy is "getting better and better" due to improved governance, fight against fraud, and local production initiatives. In an interview with two journalists on the eve of the fourth anniversary of his accession to power, Traoré highlighted the progress made since the proclamation of the "Popular Progressive Revolution" in April 2025.
Traoré attributed the economic progress to reforms in various sectors, including procedures and laws that previously limited the state's margin of maneuver, particularly in the extractive industry. He also praised the increasing mobilization of revenue collection agencies and the customs' efforts in fighting fraud. The President emphasized the dangers of fraud, citing its economic, health, and security consequences, and warned against the smuggling of explosives and detonators.
The President rejected concerns about potential state pressure on the private sector, instead calling on economic operators to "change their mindset" by shifting from importation to production and exportation. He cited examples of local production, such as textiles and maize processing units, and emphasized the state's role in strategic sectors, including extractive industries. Traoré stated that the state must directly intervene in these sectors, adding that it will "continue to play its role" wherever a domain is considered strategic.
Traoré also defended the nationalization or takeover of certain industrial units, dismissing the argument that the state is inherently a poor manager. He cited several companies that have been taken over by the state, which have since seen improvements in their performance. The President attributed previous difficulties to governance issues rather than the public nature of the enterprises.
The President emphasized the need for a new conception of public service, stating that individuals recruited by the state must understand that they work for the people and are servants of the people. Traoré's comments come as Burkina Faso continues to navigate economic challenges and security concerns. The country's economic progress has been a key focus of his administration.
Traoré's administration has prioritized the fight against fraud and corruption, as well as improving governance and promoting local production. The President's defense of state-led economic reforms reflects his government's commitment to a more interventionist approach to economic management. The reforms aim to promote economic growth and stability in Burkina Faso.
The economic reforms have contributed to Burkina Faso's economic progress, and the President's administration will continue to play a key role in strategic sectors.
Key points
- President Ibrahim Traoré defends state-led economic reforms in Burkina Faso.
- The country's economy is "getting better and better" due to improved governance and fight against fraud.
- Traoré emphasizes the state's role in strategic sectors, including extractive industries.
