Burkina Faso President Turns Down Financial Assistance from The IMF.

As of 2023, Africa’s total debt amounted to about 1.8 trillion dollars. Interestingly, as high as this figure may seem, it is actually lower than any world region. It would surprise you to know that Germany, a country in Europe, has a debt stock of about 2.9 trillion dollars which is far greater than all the debts of African countries put together. However, the problem is that African countries' debts are burdensome and put a lot of pressure on their economies because they are mainly owed to international rather than domestic lenders. In contrast, developed countries such as Germany, the United States, and the United Kingdom usually borrow from domestic creditors. And, the difference between these two is that external lenders prefer to lend to developing countries in their own currency or international ‘hard currencies’ such as the dollar while domestic lenders lend using the country’s local currency.
Now, more than thirty percent of Africa’s total debt is owed to so-called ‘development organizations’ like the World Bank and IMF, whose loans usually come with certain conditions that African countries must fulfill. According to reports, these loans from the IMF, and the conditions attached with them have contributed massively to the bad state of most African economies. This is why Thomas Sankara, in his critique of debt, stated that Debt is neo-colonialism, in which colonizers have transformed themselves into technical assistants… Under its current form, controlled and dominated by imperialism, debt is a skillfully managed reconquest of Africa.’ And, this is why during his reign as President of Burkina Faso, Sankara rejected loans and assistance from IMF and World Bank and even tried to persuade other African countries to collectively refuse to pay their financial debts to their former colonizers.

[@duanetrankin6777]

Awesome. I am so proud of President Traore. He is the leader Africa needs as a role model.

[@Colleen222]

Me too! Love Respect and Support from Sovereign Indigenous Australia❤

[@Taraulm]

The hyenas are working overtime to destroy him. Sadly

[@abdallahkabuto8392]

Kenya is a colonised buy IMF WB ,our thinks taxes only.❤ Traore.

[@duanetrankin6777]

@@Taraulm As a good hyena should. But Traore ahs the backing of many African nations. United Africa is finally upon us. ONE AFRICA!!!

[@dugsoif]

Amen 🙏. May God bless him always.

[@WTHH2]

The debtor is a slave to the lender

[@12tribes37]

Proverbs 22:7.

[@acerrome9672]

Exactly.

[@wildfire160]

Agreed but me careful dont only look at debt owed to the West the debt to China increases every year and defaulting on their loans can have serious actions... Traore is on the right track ...as soon as you take the money it shackles the economy so better to tighten belts and work hard for the short term to protect the future

[@Colleen222]

USA UK CANADA AUSTRALIA NZ and Europe work in unison! They chop and change laws and legislations daily to justify their neocolonial atrocities locally and abroad! These Western Oligarchs also sing the same tune on their MSM platforms- English is the world language and these English speaking countries get their narrative out first, starting with AUSTRALIA- who proudly maintain and preserve their neocolonial systems!

[@innocente.ayemere1424]

Proverbs 22:7. The debtor is a slave to the lender

[@otasfelix9052]

Thanks for rejecting the IMF. Never take from western countries.

[@toitoi3928]

They take money every year. What are you talking about? Didn't he just borrow money from China to build an airport? Are they being forced to borrow money? This sounds like the US college student borrowing money for school, then complaining about it. They weren't forced to take out those loans. Choices are important.

[@Azuiws]

بس ي 🤮 🤮 🤮 🤮 ​@@toitoi3928

[@adenanwasli61]

The west used the so called international institutions that they control to suppress their former colonies. Causing economic chaos and political turmoil. They create puppet governments in their favour.

[@Colleen222]

USA UK CANADA AUSTRALIA NZ and Europe work in unison, they chop and change laws and legislations daily to justify their neocolonial atrocities locally and abroad! They all sing the same tune on their MSM platforms too! English is the world language and these colonized countries USA CANADA AUSTRALIA and NZ get their English narrative out first!

[@paulalopes70]

All African country should stop IMF because thats is the way of stilling african country they can print money like journal

[@yahayabashiru5826]

All african leaders should be like Burkina faso, 🇧🇫 Mali 🇲🇱 and Niger 🇳🇪 very proud of them

[@elizabethmakaleng267]

We wish

[@lt4287]

Don’t forget Eritrea! 🇪🇷

[@remyn9]

May God protect him from all evil

[@deeplimbu4469]

Evil like America and Westerns nations😌

[@MukadisAymen-ui8fy]

🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼

[@abbasbeig3943]

Ameen, and keep him on right path always.

[@GordonKhan-e7k]

Come together leader of Africa do the best for all African God bless Africa

[@deguldenmiddenweg895]

No more loan sharks allowed in Africa.

[@HoneyLove77]

CHINA IS THERE!

[@evelynemugeni2369]

❤

[@Hotpeppers-d3z]

​@@HoneyLove77China ❤

[@matukimerchant5170]

Chinese loans are not tailored in a way of the western.

[@yaphonghor4409]

No loans from IMF and World Bank which are conditioned to control Burkini Faso!

[@robertbridge9612]

A President who works to protect the interests of the people he leads; a rare occurrence in this world and one that warms the heart.

[@Colleen222]

Love from Sovereign Indigenous Australia❤

[@robertbridge9612]

@@Colleen222 I wish you the same. The right of sovereignty of the indigenous people of Australia is irrefutable; a 65000 year history of such a rich and vibrant culture puts the question beyond any dispute.

[@kenwood2682]

He's smart leader, he learned from Thomas Sankara's unfortunate downfall

[@galaxyofvid2738]

Time will come when hard time comes and Europeans will make contents to evilise him or portray him as enemy of africa and Africans will belive

[@happiness-ps2ij]

A president I admire so much, president Ibrahim Tarore

[@Andrzej-uw1ho]

He is HERO of our Time.

[@naturalmystic9238]

I’m from the Caribbean never interested in African politics because of greed…Until I accidentally came across this President.. I’m so happy and proud of what he’s doing for his people and Country .. Mr President you’re a true leader.🇯🇲

[@tclai1000]

Game over ! President Traore has set a great example for the world to follow especially Africa.

[@obibahoffman7990]

Traore's leadership in Burkina Faso gives much highlights that you don't need to be a grandfather before you can rule in Africa but youths with determination can also demonstrate better governance than the oldies. Kudos, to all the young energic leaders on the the African comtinent.

[@sundayibeneme4764]

IBRAHIM TRAORE is the type of President AFRICANS needs As their president Or leaders to keep Africa in their stand.

[@rachmondhoward2125]

Well Traore, this is how they keep us enslaved!

[@lucifer12354]

Never be indebted to people who don't have good wishes for you

[@Majitamsanja]

💯💯💯💯💯💯💯💯

[@kairosunltd130]

🎯🎯🎯💯💯💯

[@patrickweaver1105]

You should be far more afraid of people who have good wishes for you.

[@lucifer12354]

@@patrickweaver1105 the mind of a fool is like a broken pot, it holds no wisdom - Africa proverb

[@patrickweaver1105]

@@lucifer12354 Yeah, meet the new boss just like the old boss - Old The Who song. Nothing I said is even arguably wrong. Anyone who knows history can educate you.

[@drilebajoshua-tb5jl]

We can do it,son of Africa, tell them

[@katenkosi1389]

The IMF is destroying our continent and South Africa also suffered that bank and I support Ibrahim that he made a decision that it's right for Burkina Faso ❤

[@musikkluvelectrobanger]

yes, I hope he sets a precedent for all other African countries and that they follow in his footsteps.

[@victorhopper6774]

right for hisself. selling soldiers to russia. say it ain't so.

[@kingmoney9386]

in South Africa🇿🇦 we have a Puppet of the West president Ramaphosa who took IMF loans for the first time since apartheid.

[@rusydilfaiz3650]

Indonesia and most of east asia and south east Asia in 1998 got in massive debt from IMF. our economy,y crumbled for several years because of them. be careful!!!

[@Nana-vb8tm]

​@@victorhopper6774blah blah blah

[@rashidbagewadi1006]

Well done. Well done. Ibrahim imf is as spiders web. All and every countries must kick IMF.

[@paulalopes70]

Dont except IMF

[@josephwilliams6842]

He's a real strong leader for his country

[@eddielaster9496]

I hope they don't ASSASINATE YOU. They are known to do that to African Leaders to get their way. To Stop Progress in the Country.Of AFRICA

[@lindilandela8529]

May the Lord protect you sir

[@GavinBlower-m8z]

Another Brilliant Man Good luck to you Sir and to your people

[@c2dvr]

May The Most High be with you President Traore and The People of Burkina Faso.

[@Cleanblack00]

So glad he's on his game. Because they only thing those outsiders appreciate about Africa is the ability to say they owe money to the IMF. They act like Africa gave nothing,when actually Africa has given them too much.

[@barryshaw5660]

Young very intelligent Patriotic leader. Much respect from a USA citizen.

[@RayChelle-qu1pm]

He must be protected by all means, they will try to cancel him, they always do

[@alleyterisISback]

Protect this man at all costs because we will see great things from him. Good luck and much love from Greece

[@adrianmwengwekunda9874]

Yes he needs maximum protection,for he has opened eyes for many africans.Russia,Iran, turkey & china protect our liberate.

[@Amidsamid]

Good man. Real African leader.

[@TheBlackSands]

Correction smart MSN and a soldier who knows the enemy playbook

[@krucrew1]

​@@TheBlackSandsfax

[@AmankwaaBeatriceOseiAman-rs4zy]

Its soo sad that,some of our Leaders are not thinking 🤷🤷🤷🤷🤷

[@deankenny844]

So pleased to hear Ibrahim Traore and Burkina Faso turned down the IMF help. The IMF through it's E.S.G protocols would have enslaved Burkina Faso 🇧🇫. Burkina Faso would have never been able to grow under this dictatorial regime

[@majdakisel2261]

Empire of lies is also Empire of hipocracy

[@mohamedswaray470]

Exactly 💯 right

[@kenwood2682]

Say bye bye to hegemony! And say hello to multipolar free world

[@bawaalhassan4188]

May Almighty Allah protect our good leaders for us

[@Majitamsanja]

💯💯💯💯💯💯💯🙏🏽🙏🏽🙏🏽

[@Majitamsanja]

BBC AND VOA PROPAGANDA FOR THE WEST🖕🏽👎🏼🤮🤮🐍👹👺. GET THEM OUT OF AFRICA FOR GOOD 👍🏼 👏🏽 🙌🏽 👌. EVIL ORGANISATIONS 😈

[@MohamedHassan-ni6un]

Amen!

[@andersonabraham4773]

Proverbs 22:7 [7]The rich ruleth over the poor, and the borrower is servant to the lender.

[@hubreydavid7864]

All that was added to the Bible prophecies to justify exploiting the resources and African labour.

[@thobamngadi5254]

Let’s be poor and grow our economy

[@lindilandela8529]

keep our natural resources which Europe is depending on

[@charlesduncan3782]

Liberia, where are you? Are you listening to this report and clean analysis? Liberia cannot continue to do things the same way, and continue getting the same results. It’s insanity. Liberia wake up!!!

[@nordinmohamad521]

but be careful the big bully will try to distroy u using their local agent

[@Colleen222]

Yep they'll try and go inside now and use the local people!

[@babatundeajisafe403]

More wisdom Ibrahim, open your eyes wiiiddeeee. And watch for the enemies within 😮😮😮

[@aminaragin]

Heart warming video! Well done! Mr President.

[@battleground5336]

Is this too good to be true? Im all for it. Go AFRICA. From an Indigenous Australian

[@Nana-vb8tm]

We african people always pray for our dear and beloved aboriginal brothers and sisters from across the ocean❤❤

[@Nana-vb8tm]

We african people always pray for our dear and beloved aboriginal brothers and sisters from across the ocean❤❤

[@galaxyofvid2738]

What's the real name of Australia by indigenous people

[@battleground5336]

@@Nana-vb8tm Thankyou for the blessings, as I will also pray for you and your beloved family ❤️🙏

[@battleground5336]

@@galaxyofvid2738 There was no indigenous name for Australia we are many different mob, My tribal nation is called Gomeroi that's our Mother's lines and connection to country I'm sorry if that doesn't makes any sense

[@momoh7233]

In the 90's, Bono and Co have done their best to cancel Africans debts. He knows what IMF is all about when it comes to Africa.

[@frreyes1314]

Bravo Presidente Traore 💪💪💪👍👍👍

[@DolphineAchonga-gn6kn]

Please Burkina people stay strong. I can't imagine how hard it is to fight these extremists while also trying to be economically independent of the West. But I pray hard every day for you to succeed so you can be a model for all of Africa in future. May god aid your efforts and endow your leader with enormous wisdom and cunning. I pray for the rise of a strong sahelian region to bolster your resistance against your enemies. Good luck. And yes, finally people noticed that Western regimes violate the values they preach as soon as they become inconvenient.

[@justineuplaagboupla2153]

All his speeches are very true.

[@PaulBisso]

Awesome!! It's refreshing to hear a Good leader. speak!

[@renepitterna]

Yesssss,thats the way!!!!!

[@MaryMwanza-mo4em]

May you be protected by our ANCESTORS for ever and ever Traore.

[@ricsonescalicas9657]

Watching from PH. I'm amazed that there's someone like him in Africa. Great respect! Keep the good work Mr. President. I heard he bought tractors for the farmers.

[@simonpure109]

He no joke bruh, he's somebody 😂

[@adioko6809]

IMF - The devil's bait Burkinabe killed the peddler on arival

[@fredaheunes8659]

God Bless 🙏🙏🙏 TRAORE

[@JosieThirtyEight]

Yes Ibrahim Traore don't take a penny from any other country unless it's the right African Country, but better yet hopefully Billionaires in the Continent of Africa(ie:Dagote & others) will give loans to African countries that really need, and will give them fair terms)...it's time for Africa to save it's self! I'm so proud and happy w/all Burkina Faso, Mali and Niger are doing, also looks like Senegal getting on board. Those African countries that want to unite because it's what the majority of their population wants needs to so and leave behind the others, who will come around sooner or later as they see how UNITY is working! #Africa #Afrika #Alkebulan #Unity #OneAfrica ⚫️ 🖤♟️🏴

[@chrisgakuru5002]

This is the best decision he has done,Congratulations Predident Traore.He has avoided Neocoloniolism.

[@ElHuachalomo]

Occidente nos quiere pobres y sumisos

[@kubweneausi5075]

I actually admire his leadership style

[@adrianmwengwekunda9874]

Bravo captain traore. Viva traore Viva burkina faso. That's the way to go.

[@John-vd9tb]

You can tell a good and genuine hearted human being who became president. Ibrahim is the one. he put people above before him. He need help to achieve all the good work he is doing.

[@shambalkaran9258]

Avoid this debt trap

[@vanellesmith4598]

It just gets better and better with this King.

[@mathabathangoato2100]

Africa must unite EFF South Africa is behind you Capitan

[@afrikanjamaicangrl2077]

Yesssss Big up Ibrahim🇯🇲🇯🇲🇯🇲🇯🇲

[@charlesduncan3782]

This report thigh, but it’s right. Be careful. Make your mark but …..

[@riteshpahladsingh3819]

We need this man to run a country in South America, called Suriname.

[@arljohn3510]

Our Caribbean Governments must learn from you

[@ShanePickering-i7l]

Also the interest! Rates to pay back is "higher." It the samething L.F.S. Burnham 1st. Exsective President of Guyana. Did some years ago! Turn down the I.M.F. money.. when u borrow their money. The want tp tell u how to "spend it" it ur country! U must know, where to spend it to help ur ppl. They tell u how to spend it, so u would remain in "debt" & they would be willing to lend u more to "keep yuh down".

[@OTEMALEAKY]

God bless bokina faso God bless Africa Mr President sat stranded never ever over stay in power to test the good fruit you have work for one love Africa

[@GirmayGebremedhin-w5o]

Eritrea rejected for the Last 20 years. Nonetheless Eritrea survived without the help of the West.

[@moviemakerjo6756]

that's why the eu/us try war in Eritrea, because Eritrea is independent.

[@Colleen222]

❤Eritrea

[@jameskachulu8141]

Good my president

[@tamaveirene]

Brilliant Analysis and totally on point! Congratulations ☦️👏👏👏🌹❣️

[@gregoryblue7170]

Stay strong africa when u turn down the devil u turn up Yah ablnd Yah is for sfrica for Yesuavbeas born there and his home is always buried deep within the glhesrt and sul of hidls peope rember he is able remembet his wrks of od how he led snd eed us stay forever blessed luv Chumbo Daweed little one prophet GBlue

[@mysleinemeronvil5868]

Oui bravo je suis d'accord entierement avec lui

[@michelleeikeseth.3701]

Good on you Sankara.

[@Harshalcv11]

Won't be surprised Sahel region joins BRICS soon.

[@Taha_baloch700]

President Sir Your such efforts bring nit only justice but also remove poorty and salavery expended by the USA and Europeon Country throughout the world.

[@vanessaedwards54]

God is cleaning house to send his children back home.💪💪👑👑🙏🙏 God is in control. Proverbs 11:5 the righteousness of the perfect shall direct his way; but the wicked shall fall by his own wickedness. 🙏🙏👑👑💯

[@ralphmueller3725]

Glad to hear it! My prayers of peace and prosperity go out to him and his people.

[@vanacharlasaipavankumar6331]

Praise from Indian from India. Hope Africa becomes rich and powerful

[@AndrewAnderson-ef8vx]

Well done President

[@AndrewAnderson-ef8vx]

Thank you 🙏

[@justicesomeday]

Good 👍

[@AndreaPortley]

Nigeria and others need to take notes from Burkina Faso! Black leaders from US definitely can learn from Traoré!

[@HoneyLove77]

Girl, African leaders steal!! This is part if the problem in Africa!! They need to stop blaming everyone else for their problem and fix it! China is looting them while they keep blaming france!

[@Zindo.Majesty.HisMajesty]

I hope Africa can gets its act together and turn things around. Beware the Chinese.

[@RayChelle-qu1pm]

We're very much aware..no one can be trusted

[@JMA4206]

Hundreds times bitten twice shy .wise young fellow .Unfortunately when i have seen him shaking hands with Putin i told my friend ""Africa is going to change forever .Will see what happens...

[@victorhopper6774]

already putin has africans dying in ukraine. sent to die for what?????????

[@daughteroftmhg5314]

Debt trap

[@tanyiesq.1334]

It is better to be poor in freedom, than to be rich in slavery

[@drrameshsubramaniam1]

President Tarore is an absolute hero, not taking loans from IMF and what ever money he has instead of spending in luxury car for himselves and his team , he has bought Agriculture farm machineries so that he can grow the AGRO industry give better aides to his farmers, he has invested in tools that will sprout Growth for his people and the country , Great leader and We Salute President Tarore

[@robinanderson1115]

OH AFRICA ! GET UP STAND UP, STAND UP FOR UR RIGHTS. GET UP STAND UP DONT FORGET UR BIRTH RIGHTS.

[@maqabah]

My African president ❤

[@haroonq7876]

You are absolutely correct.

[@tertiusthiart8417]

Well done Traore !!!

[@juneljoseph6559]

GOOD VERY GOOD BURKINA?

[@LoiDivine]

but why is he not wearing a suit after he became president?

[@felixkesis7461]

Once a soja always a soja

[@V4zz33]

Great to see positive changes to Africa!

[@hi62129]

love from india .. burkina faso in good hands

[@loranroberds308]

usually when you say no to the imf sudden death happens

[@AB-bb5vg]

Hell to lmf those days are gone they dealing with " God Most High " the time is up

[@numansmail]

Western DOUBLE STANDARDS is shameful

[@RyanImportante-s2n]

I hope the Philippine Leaders will learn from him ! He's a Hero !

[@Andrzej-uw1ho]

Philippines are one the most corrupt Countries

[@OnkOnk-ev8he]

NOʻ EU SHOÙLð ɓé alĺoʻwèðtoʻ ßtep ubtoʻàfŕìçà

[@IkeBrowne]

Jah. Say. Africa. Must. Free For. Ever. Rasta. Ikie. Love. U. All

[@enriquechua4814]

Other African nation should do the same and decline the offer from France Germany UK that will hurt them in very near future

[@LindenRoss-ll5lj]

Whó have ear to hear let them hear ❤

[@JahirulHoque]

May Allah help Ibrahim Traore to develop Burkina Faso. Lot of love & support from Bangladesh.

[@DennisgitongaNdungu-zf7oh]

#TRAORE Reincarnation of THOMAS, SANKARA #VIVA BURKINA FASO VIVA AFRICA, LOVE FROM🇰🇪

[@ToneKeys]

As an african myself, I say all african leaders should follow his lead.

[@MukadisAymen-ui8fy]

Im really afraid of he's own people betraying him 😢😢😢😢😢😢 may the almighty Allah protect him.....🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼

[@denisk751]

One who takes money also takes orders. Don't be a slave to these debtors

[@freeagent960]

He is clearly on point

[@joaosupo6232]

Do it well great fighter, Africa thanks …