Burkina Faso Has a US$63 Billion Plan and a US$19 Billion Hole
Burkina Faso's government adopted a US4 billion development plan for 2026–2030, backed by gold revenues from the new Kiaka mine, while fighting an insurgency for territory. The post Burkina Faso Has a US$63 Billion Plan and a US$19 Billion Hole appeared first on The Rio Times .
Burkina Faso has unveiled a US$63 billion five-year national development plan, but faces a CFA 19 billion funding shortfall. This ambitious plan aims to slash poverty from 43.2% to 35% by 2030, increase manufacturing from 9.6% of GDP to 17.7%, and boost electrical capacity from 678.5 megawatts to 2,585.6 megawatts. The government plans to fund 63.9% of the project using domestic resources, while external resources amount to 5.8%.
The remaining 30.3% is an unfunded financing need. Burkina Faso's primary contribution to the plan is its gold mining sector, particularly the Kiaka gold mine, which is expected to produce around 277,000 ounces annually by 2035. However, the government has not disclosed the full breakdown of how the various unconventional financing instruments will be allocated to cover the funding gap.
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