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Saturday, December 14, 2024
ππ»✨️❤️ " Ibrahim TraorΓ© Paid Off $4.79 Billion National Debt Without Western Financial Aid "
ππ»✨️❤️ Ibrahim TraorΓ© Paid Off $4.79 Billion National Debt Without Western Financial Aid! ππ»✨️❤️
https://youtu.be/0L3HMluhQNA?si=hSq8rWeXXdtq9X5_
ππ»✨️❤️ Black Culture Diary, 323K abonnees, 10K Subscribers , 244.264 views , 11 dec 2024 ,
#africanews #blackhistory #africanhistory
ππ»✨️❤️ In 2024, when Dr. Apollinaire KyamΓ© TambΓ¨la, Prime Minister of Burkina Faso, announced the repayment of $4.79 billion in domestic debt, the world stood still.
ππ»✨️❤️ No IMF bailout, no World Bank loans, no handouts from Western nations.
ππ»✨️❤️ 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.
ππ»✨️❤️ They didn’t fall for the narrative that Africa’s poorest nations are doomed to rely on foreign aid and loans.
ππ»✨️❤️ Instead, they turned to their people and markets.
ππ»✨️❤️ In a region often defined by its dependence on Western financial support, Burkina Faso rewrote the script.
ππ»✨️❤️ 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?
ππ»✨️❤️ The answer lies in a series of calculated, strategic moves that turned domestic debt into an economic lifeline.
ππ»✨️❤️ Join this channel to get access to perks: / @blackculturediary
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ππ»✨️❤️ SOURCES:
π https://tradingeconomics.com/burkina-...
π https://www.citiesalliance.org/newsro...
π https://www.state.gov/reports/2024-in...
π https://investmentpolicy.unctad.org/i...
π https://africancapitalmarketsnews.com...
π https://www.umoatitres.org/en/burkina....
π https://ndcpartnership.org/knowledge-...
π https://www.aa.com.tr/en/africa/sanct...
π https://reliefweb.int/report/burkina-...
π https://peoplesdispatch.org/2023/08/0...
π https://the.akdn/en/where-we-work/wes...
π https://www.globaljustice.org.uk/dang...
π https://issafrica.org/iss-today/burki...
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