(Ecofin Agency) - Globalization and digitalization have pushed countries to adopt new standards in public finance. In Burkina Faso, the government aims to align the skills of its officials and professionals with these global demands.

On January 15, the Council of Ministers in Burkina Faso, chaired by Transitional President Ibrahim Traoré, approved the creation of a public finance institute. According to the council's statement, this initiative is part of a broader plan to enhance the professional and academic skills of government officials and employees in both the public and private sectors working in economic and financial administration.

The new institute aims to address the growing need for expertise in public finance, especially amid global and digital changes. It will be formed through the merger of the National School of Financial Management (ENAREF) and the National Customs School (END).

Steps to make the institute operational are already underway. The council also approved a report on the institute's governing statutes, ensuring it has the necessary regulations to carry out its work, in line with the 2014 decree on public administrative institutions.

This move shows the government's strong commitment to making the institute a key center for training and advice in public finance. Authorities hope it will become a reference point for financial education in the country.