IMF vows endorsement to political, institutional reforms in Burkina Faso

The International Monetary Fund (IMF) Monday June 26, threw its support behind the ongoing institutional and political reforms in Burkina Faso, adding that it can provide funding for the transitional process.
Martin Schindler, Deputy Division & Mission Chief of the Washington-based institution underlined the support during a meeting with the transitional leader of the West African country, Ibrahim Traoré.
Schindler also indicated his visit is meant to discuss with local authorities ways to find mechanisms for the Fund to support the Transition development program.
“With the Head of State, we discussed the outlines of a program that we had begun with the members of the Government, and we communicated our program for the week to the Head of State,” he added.
Burkina Faso has started a string of political and institutional reforms to address the ongoing security and humanitarian crises that it has been facing for years, owing to terrorism.
Early this year, IMF announced the release of $80 million in emergency aid to help the country cope with a food crisis aggravated by the war in Ukraine. “The aid will help support measures to provide emergency assistance to acutely food-insecure households” in Burkina Faso,” Schindler said, after a week-long visit in February.