Black Culture Diary: In 2024, when Dr. Apollinaire Kyamé Tambèla, Prime Minister of Burkina Faso, announced the repayment of $4.79 billion in domestic debt, the world stood still. No IMF bailout, no World Bank loans, no handouts from Western nations. It was an act of financial defiance; a bold declaration that Burkina Faso was no longer playing by the rules of the international financial system. They didn’t fall for the narrative that Africa’s poorest nations are doomed to rely on foreign aid and loans. Instead, they turned to their people and markets. In a region often defined by its dependence on Western financial support, Burkina Faso rewrote the script.
But how did this small, landlocked country; often written off as a financial basket case; manage to pull off such a monumental feat? How did Burkina Faso pay off nearly $5 billion in debt, all while navigating a volatile political and security landscape? The answer lies in a series of calculated, strategic moves that turned domestic debt into an economic lifeline.
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