Burkina Faso President Turns Down Financial Assistance from The IMF.
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- Опубликовано: 14 окт 2024
- 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.
Awesome. I am so proud of President Traore. He is the leader Africa needs as a role model.
Me too!
Love Respect and Support from Sovereign Indigenous Australia❤
The hyenas are working overtime to destroy him. Sadly
Kenya is a colonised buy IMF WB ,our thinks taxes only.❤ Traore.
@@Taraulm As a good hyena should. But Traore ahs the backing of many African nations. United Africa is finally upon us. ONE AFRICA!!!
Amen 🙏. May God bless him always.
A president I admire so much, president Ibrahim Tarore
He is HERO of our Time.
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.🇯🇲
He's a real strong leader for his country
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
May the Lord protect you sir
The debtor is a slave to the lender
Proverbs 22:7.
Exactly.
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
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!
Proverbs 22:7. The debtor is a slave to the lender
Good man. Real African leader.
Correction smart MSN and a soldier who knows the enemy playbook
@@TheBlackSandsfax
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.
Love from Sovereign Indigenous Australia❤
@@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.
He's smart leader, he learned from Thomas Sankara's unfortunate downfall
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
Protect this man at all costs because we will see great things from him. Good luck and much love from Greece
Yes he needs maximum protection,for he has opened eyes for many africans.Russia,Iran, turkey & china protect our liberate.
May God protect him from all evil
Evil like America and Westerns nations😌
🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼🤲🏼
Ameen, and keep him on right path always.
All african leaders should be like Burkina faso, 🇧🇫 Mali 🇲🇱 and Niger 🇳🇪 very proud of them
We wish
Don’t forget Eritrea! 🇪🇷
Thanks for rejecting the IMF. Never take from western countries.
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.
بس ي 🤮 🤮 🤮 🤮 @@toitoi3928
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.
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!
All African country should stop IMF because thats is the way of stilling african country they can print money like journal
Game over ! President Traore has set a great example for the world to follow especially Africa.
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.
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 ❤
yes, I hope he sets a precedent for all other African countries and that they follow in his footsteps.
right for hisself. selling soldiers to russia. say it ain't so.
in South Africa🇿🇦 we have a Puppet of the West president Ramaphosa who took IMF loans for the first time since apartheid.
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!!!
@@victorhopper6774blah blah blah
Another Brilliant Man Good luck to you Sir and to your people
Come together leader of Africa do the best for all African God bless Africa
Awesome!! It's refreshing to hear a Good leader. speak!
No more loan sharks allowed in Africa.
CHINA IS THERE!
❤
@@HoneyLove77China ❤
Chinese loans are not tailored in a way of the western.
No loans from IMF and World Bank which are conditioned to control Burkini Faso!
May The Most High be with you President Traore and The People of Burkina Faso.
Never be indebted to people who don't have good wishes for you
💯💯💯💯💯💯💯💯
🎯🎯🎯💯💯💯
You should be far more afraid of people who have good wishes for you.
@@patrickweaver1105 the mind of a fool is like a broken pot, it holds no wisdom - Africa proverb
@@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.
Young very intelligent Patriotic leader. Much respect from a USA citizen.
He must be protected by all means, they will try to cancel him, they always do
Its soo sad that,some of our Leaders are not thinking 🤷🤷🤷🤷🤷
Heart warming video! Well done! Mr President.
Well done. Well done. Ibrahim imf is as spiders web. All and every countries must kick IMF.
Dont except IMF
Well Traore, this is how they keep us enslaved!
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.
He no joke bruh, he's somebody 😂
Is this too good to be true? Im all for it. Go AFRICA.
From an Indigenous Australian
We african people always pray for our dear and beloved aboriginal brothers and sisters from across the ocean❤❤
We african people always pray for our dear and beloved aboriginal brothers and sisters from across the ocean❤❤
What's the real name of Australia by indigenous people
@@Nana-vb8tm Thankyou for the blessings, as I will also pray for you and your beloved family ❤️🙏
@@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
Proverbs 22:7
[7]The rich ruleth over the poor, and the borrower is servant to the lender.
All that was added to the Bible prophecies to justify exploiting the resources and African labour.
We can do it,son of Africa, tell them
Yesssss,thats the way!!!!!
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.
IBRAHIM TRAORE is the type of President AFRICANS needs As their president Or leaders to keep Africa in their stand.
Bravo Presidente Traore 💪💪💪👍👍👍
It just gets better and better with this King.
Yesssss Big up Ibrahim🇯🇲🇯🇲🇯🇲🇯🇲
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.
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.
May Almighty Allah protect our good leaders for us
💯💯💯💯💯💯💯🙏🏽🙏🏽🙏🏽
BBC AND VOA PROPAGANDA FOR THE WEST🖕🏽👎🏼🤮🤮🐍👹👺. GET THEM OUT OF AFRICA FOR GOOD 👍🏼 👏🏽 🙌🏽 👌. EVIL ORGANISATIONS 😈
Amen!
Empire of lies is also Empire of hipocracy
Exactly 💯 right
Say bye bye to hegemony! And say hello to multipolar free world
May you be protected by our ANCESTORS for ever and ever Traore.
All his speeches are very true.
I actually admire his leadership style
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!!!
Let’s be poor and grow our economy
keep our natural resources which Europe is depending on
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
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.
Brilliant Analysis and totally on point! Congratulations ☦️👏👏👏🌹❣️
This is the best decision he has done,Congratulations Predident Traore.He has avoided Neocoloniolism.
Avoid this debt trap
Well done Traore !!!
Wow, what a leader. I really admire you
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
⚫️ 🖤♟️🏴
but be careful the big bully will try to distroy u using their local agent
Yep they'll try and go inside now and use the local people!
Well done President
Thank you 🙏
Oui bravo je suis d'accord entierement avec lui
very good ..nice move,,, i love this you man ..all african must united,,,
Do it well great fighter, Africa thanks …
Bravo captain traore. Viva traore Viva burkina faso. That's the way to go.
God Bless 🙏🙏🙏 TRAORE
More wisdom Ibrahim, open your eyes wiiiddeeee.
And watch for the enemies within 😮😮😮
Glad to hear it! My prayers of peace and prosperity go out to him and his people.
This is really excellent speech that will make most people in the world speechless. Very intelligent man as PM for Burkina Faso. This is a wake-up call on governments in Africa
We need this man to run a country in South America, called Suriname.
What a Brilliant Assertion of the Prime Minister of Burkina Faso. He is Right on Point by point on every words of Sentences he delivers. Great One Sir.
A young man with great wisdom. May God bless and protect him.
I hope the Philippine Leaders will learn from him !
He's a Hero !
Philippines are one the most corrupt Countries
OH AFRICA ! GET UP STAND UP, STAND UP FOR UR RIGHTS. GET UP STAND UP DONT FORGET UR BIRTH RIGHTS.
He understood the economic growth very well, awesome african youth we feel very proud
Good on you Sankara.
You are absolutely correct.
Our Caribbean Governments must learn from you
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...
already putin has africans dying in ukraine. sent to die for what?????????
Brilliant, glad to see Africa rising, we Indians are with you all the way to progress and prosperity!
Afrika🌍🇧🇫 let’s go. Cabo Verde🇨🇻is with you Mr. Traore.
IMF - The devil's bait
Burkinabe killed the peddler on arival
May God continue to Bless this great leader, Ibahim Traore.👍
Lovely. Well done Africa
Exactly what is happening to my country now🇿🇲
WELL DONE CAPTAIN !!! THE AIM IS TO GET TO THE NATURAL RESOURCES """ REJECT ALL LOANS !!! YEYE AFRICA 🌍 May 2024
This man is on a mission. ❤❤
Thank you for sharing very informative
God Bess Africa and all the countries involved in this great reversal.
Good 👍
The smartest African leader!
Spot on, playing at their games with visions and staying ahead.
He is clearly on point
Good my president
Rise up brothers!
My African president ❤
As an african myself, I say all african leaders should follow his lead.
Best analysis that reflects truth based on facts and history, am appreciating the hard work invested on this channel which is full of historical facts of the global politics.🇿🇦🇿🇦
Big up to you the man
ALL PRAISE TO MOST HIGH, GLORY HALLELUYAH. I AM SOO PROUD OF PRESIDENT TRAORE CONTINUE TO RISE AND SHINE & STANDING FOR RIGHTEOUS AND STANDING FOR OUR PEOPLE'S THROUGHOUT NATION. I PRAY AND LOVE OUR PEOPLE'S THROUGHOUT NATION. AMEN AMEN GLORY GLORY GLORY HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH HALLELUYAH.
Good! Owe no one anything! ❤
All nations need leaders like this!
It has begun 💯🌍
Yes Papi🔥🔥🔥🙌🏿🙌🏿🙌🏿👑👑👑💎💎💎🙏🏿🙏🏿🙏🏿🎯🎯🎯
Wow South Africa was just granted another loan
Nigeria and others need to take notes from Burkina Faso! Black leaders from US definitely can learn from Traoré!
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!
I appreciate the PM...this is the truth.
I hope Africa can gets its act together and turn things around. Beware the Chinese.
We're very much aware..no one can be trusted
Behold, see a true leader.