Burkina Faso will receive approximately $122.7 million in financing from the International Monetary Fund under a new Resilience and Sustainability Facility (RSF) arrangement, the Fund announced on Thursday, Ecofin Agency reported.
The 18-month program is designed to support the country’s reform agenda, enhance macroeconomic resilience, and bolster external stability amid growing climate risks. It also seeks to expand access to clean energy and water while attracting climate financing through improved reporting of climate-risk data and increased investment transparency.
“The focus is on reform measures with significantly positive effects on public finances, the balance of payments, and transparency,” IMF mission chief Jaroslaw Wieczorek said.
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Climate change is increasingly affecting Burkina Faso’s economy, particularly agriculture and food security. In response, the government adopted a 2024–2028 National Adaptation Plan prioritizing agricultural resilience, water management, and financial partnerships. The country aims to reduce greenhouse gas emissions by 16% in 2025, 29% in 2030, and 34% by 2050.
In addition to the RSF support, Burkina Faso could receive an additional $32.7 million from the IMF after the fourth review of its Extended Credit Facility (ECF) program, which would bring total disbursements under the 48-month arrangement, approved in September 2023, to $130.8 million.
IMF projections indicate that Burkina Faso’s economy will grow by 5% in 2025 and maintain strong performance in 2026, supported by higher gold prices and ongoing structural reforms.
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Image Credit: Channel Africa
