Burkina Faso has reached a staff-level agreement with the International Monetary Fund for a new financing package valued at 32.7 million dollars. The consensus follows weeks of negotiations held in Ouagadougou from October 29 to November 12, marking another step forward in the country’s ongoing engagement with the IMF.

The agreement forms part of the fourth review under the Extended Credit Facility, a programme designed to support economic reforms and strengthen macroeconomic stability. According to the IMF, the deal reflects progress made by Burkinabe authorities in meeting key program benchmarks despite ongoing security and economic challenges.

Once approved by the IMF’s Executive Board, the new disbursement will raise total support to Burkina Faso under the current ECF arrangement to approximately 130.8 million dollars. Officials say the funding will help sustain fiscal resilience and advance priority reforms.

The IMF emphasised its continued commitment to supporting Burkina Faso as it works to stabilise the economy, safeguard essential public spending, and reinforce social protection. The government, for its part, has expressed confidence that the agreement will bolster its development efforts in a difficult national context.