News

Burkina Faso’s Public Debt Hits 58.6% of GDP in 2024

Burkina Faso’s Public Debt Hits 58.6% of GDP in 2024
Wednesday, 30 April 2025 13:06

• Burkina Faso’s public debt rose by 15.6% in 2024
• Domestic debt made up nearly 60% of the total, with foreign debt rising 9.6% year-on-year.
• The country continues to rely on regional markets to fund public investment amid ongoing security challenges.

Burkina Faso’s public debt climbed to CFA8029.60 billion ($13.93 billion) by the end of December 2024, representing 58.6% of its gross domestic product. The figure marks a 15.6% increase from the same time in 2023, when debt stood at CFA6946.52 billion, according to the latest public debt bulletin released on April 26.

Domestic debt accounted for the majority of the total, representing 59.5%, or CFA4777.51 billion. This figure is up from 2023, reflecting the government’s increased borrowing within the country.

External debt stood at CFA3252.08 billion, making up 40.5% of the total. It rose by 9.6% over the year, driven mainly by new net borrowing and exchange rate fluctuations. Multilateral loans remain the dominant source of foreign debt, making up 89.4% of the outstanding amount.

Debt service payments reached CFA1169.8 billion in 2024, down 4.4% from the previous year.

Faced with an ongoing security and humanitarian crisis due to repeated terrorist attacks, the West African nation continues to rely on financial markets to support its public investment agenda. As of April 23, the government had raised CFA426 billion on the regional market and aims to raise a total of CFA1185 billion in 2025, slightly below its 2024 target.

Despite the rise in regional interest rates, the World Bank considers Burkina Faso’s risk of debt distress to be “moderate.” According to IMF projections, the public debt ratio is expected to fall to 50.2% in 2025 and decline further to 48.2% by 2030.

 
 
On the same topic
• South Africa’s Competition Tribunal reviews Canal+’s proposed acquisition of MultiChoice.• MultiChoice argues merger will strengthen its fight against...
The Global Environment Facility (GEF) will launch biodiversity bonds to raise up to $1.5 billion for Africa’s threatened species. The bonds...
Senegal began GDP rebasing on July 15 after a credit downgrade and IMF program suspension Authorities aim to reflect real growth and ease debt...
• Côte d’Ivoire issued a ¥50 billion ($336.2M) Samurai bond, first for sub-Saharan Africa• The 10-year, 2.3% ESG-labeled bond was backed by JBIC and drew...
Most Read
01

• Inflation within the West African Economic and Monetary Union (UEMOA) fell to a two-year low of 0....

UEMOA: Inflation Drops to 0.6% in May, Driven by Lower Food Prices
02

Flutterwave gained a BCEAO license to operate in Senegal, expanding to 35 African countries. ...

Flutterwave Gains Senegal License, Eyes Growth in $1.5T African Payments Market
03

In Africa, the private sector is widely seen as the main engine of industrialization and plays a cen...

West Africa has tools to build strong industry, says IFC’s Olivier Buyoya
04

 President Paul Biya, 92, to seek eighth term in October 2025 election In power since 19...

Cameroon: Paul Biya Officially Enters Presidential Race for Eighth Term
05

• Interbank volumes rose 18.7% in May, while rates declined across the market• The BCEAO cut its mai...

WAEMU Sees Easing Conditions on Regional Interbank Market
Enter your email to receive our newsletter

Ecofin Agency provides daily coverage of nine key African economic sectors: public management, finance, telecoms, agribusiness, mining, energy, transport, communication, and education.
It also designs and manages specialized media, both online and print, for African institutions and publishers.

SALES & ADVERTISING

regie@agenceecofin.com 
Tél: +41 22 301 96 11 
Mob: +41 78 699 13 72


EDITORIAL
redaction@agenceecofin.com

More information
Team
Publisher

ECOFIN AGENCY

Mediamania Sarl
Rue du Léman, 6
1201 Geneva
Switzerland

 

Ecofin Agency is a sector-focused economic news agency, founded in December 2010. Its web platform was launched in June 2011. ©Mediamania.

 
 

Please publish modules in offcanvas position.