Ibrahim Traore Turns Down Millions Of Dollars Financial Assistance from The IMF.
Ibrahim Traore Turns Down Millions Of Dollars Financial Assistance from The IMF.
As of 2023, the total debt of Africa stood at approximately 1.8 trillion dollars. Surprisingly, this amount, although significant, is comparatively lower than the debt levels of any other global region. It may astonish you to learn that Germany, a European country, carries a debt burden of around 2.9 trillion dollars, surpassing the combined debts of all African nations.
However, the challenge lies in the fact that African countries face the burden of debt, which exerts considerable pressure on their economies, primarily due to the majority of the debt being owed to international lenders rather than domestic ones. In contrast, developed countries like Germany, the United States, and the United Kingdom tend to borrow from domestic creditors.
The key distinction lies in the fact that external lenders prefer to extend loans to developing countries in their own currency or international hard currencies, such as the dollar, whereas domestic lenders provide loans in the country's local currency.
Presently, more than 30 percent of Africa's total debt is owed to development organizations such as the World Bank and the International Monetary Fund (IMF). These institutions typically attach certain conditions to their loans, which African countries must fulfill.
Reports indicate that the loans from the IMF, along with the associated conditions, have significantly contributed to the economic challenges faced by many African nations. This is why Thomas Sankara, in his critique of debt, referred to debt as neocolonialism, wherein former colonizers transform themselves into providers of technical assistance.
During his presidency in Burkina Faso, Sankara actively rejected loans and assistance from the IMF and the World Bank. He even attempted to persuade other African countries to collectively refuse payment of their financial debts to their former colonizers. This was an effort to challenge the current form of debt, which he believed was skillfully managed reconquest by imperialism over Africa.
Пікірлер: 154
He is a True LEADER.
Gold is for Kings. Silver is for rich people barter is for poor people. Debt is for Slaves. If you’re in debt you are a slave.
@robinjones9991
Ай бұрын
Truth Talk
He truly loves his country. A born leader. God bless you and continue to shower His divine wisdom on you.❤❤❤❤❤❤❤
We need african solutions for African problems.Our black family's around the world support the AES !!!
@fcfc907
Ай бұрын
Même le maghreb ❤
What a wise leader this man Ibrahim traore is refusing to be own by the IMf and world bank
That's the right move. If not he will end in a debt trap. He is wise. Africa must pull out of the world bank and IMF. Wake up Africa. Wake up.
Good president , not puppet
@khalifa8391
Ай бұрын
Not like Ruto of kenya the puppet, the bad seed of africa.#ruto must go
He did a good move to reject the load Great Wisdom 💥💥💥💪💪💪🙏🙏🙏🇿🇦🇿🇦
AES and President Traore is on great economic path for Burkina Faso Shalom Displore
He is wise n smart❤
Exactly, WTF is the IMF lending money to BF if not to entrap and enslave that country?
So the aimless and wickedness corrupts leaders should learn from this competent man ❤
Respect from Sierra Leone
❤ wishing you success and don't fall in their debt trap
IBRAGIM TRAORE GOD WILL ALWAYS POURE OUT HIS BLESSINGS UPON IBRAGIM TRAORE WE LOVE YOU MY BROTHER KEEP GOOD WORK FOR YOUR PEOPLE
love from Somalia
One aim One god one destiny one and only real true leader Ibrahim traore king David in flesh
Love and greetings from SURINAME.
Well done President Traore, be good to your people and look after them. Don’t be like Ruto of Kenya, who looks after the west at the expense of his people
The imf and the world bank must have know that France money from the start of the world bank is Africa money the imf world bank take Africa money and give Europe
Waaaaow so we have searched a leader in Africa ❤💪✍🏾👏🏽
USA Incorporated KARMA?????
Good boy. Well done Mr. President ❤Praying for you🙏
@thepicturemandannydannytho5711
Ай бұрын
GOOD BITCH!!! THANKS FOR NOTICING HIS SUPERIORITY!!!
@aboliafaleti
Ай бұрын
He is not a boy!!!!!he is a Grown ass Man . 😡mr .Lizard 🔨🔨😠
What a time to be alive.
Congratulations 🎉
Never have debt... period ! it ain't natural to wake up to debt.
Assalamualaikum Brother IBRAHIM salam from Malaysia
IMF should call Ruto..
💪 Bravo IBRAHIM TRAORÉ, il est sur le bon chemin. Que Dieu le Tout Puissant le guide et le protège contre ses ennemis. Hello du maghreb
Well done Ibrahim Traore
May Yahuah Cover You and Supply All Your Needs That is the Eternal Word of the most High. It Over rides man .
Even though Afrika has less debts than some EU countries Afrika pays 20 times interest on every dollar than westerners. Why? Because we're considered poor and risky, always fighting, public unrest, etc.why can't we borrow from eachother?
@302monique
Ай бұрын
It is a method to get African natural resources cheap...a reason to steal them
Its a Debt Trap.
Stand strong!
Time to change!
This is what I called a good leader❤🇳🇬
That is the way to go.
cambios sociales economicos estan comensando en el mundo entero i nopararan
And the $ goes pooofffffff!
World Bank & IMF are like going to a pay day loan lender....you'll never get out of debt
Oui c´est vraie ils nous termine le colonisation en 1960 malgre ils sont nous colonize en nos economique inchanger , ainsi Treori Ibrahima est bonne ligner et nous sommes avec a lui , bravo africain
Great job, NO NO NO ...
@linzerwright4378
Ай бұрын
STAND STRONG NIGER and MALI and BURKINA MUST TAKE BACK AFRICA RESOURCES and RICHES and WEALTH
We don’t want your toilet paper that you called US dollar 🤣🤣🤣
Millions!!! What a measly amount, The debt itself of a trillion is just a well a measly sum,
Good man❤️
Wisdom
ONE BODY ONE MIND ONE VOICE ONE AFRICA. Eat drink wear your own FIRST NO ONE SHOULD SLEEP HUNGRY . Strengthen your heart ( IMAAN) first. The rest will come❤❤❤🎉🎉🎉
Looks like he is an honorable leader.
Dont & Not Ever Need & Hope IMF Money ,For Accoupasion For Central Africa. ..... Cheerio.*****.
*I* nternational *M* isery *F* ront has completely ruined Argentina in 2001 and today the same is repeated in Argentina...again.
Traore needs to meet with Dangote and other African entrepreneurs to gst tjem to invest in Burkina Faso
Good answer don't want your money
If you undetstand this "penny wise pound foolish" you know what is your decision towards such proposal?
🇳🇱 Holland . 😊 🙏
blessings to Traore! burkina needs a revival by the great ,man of G. u guys need a revival....so a man of GD can open the doors to succes for your nation from GD....and not from the dollas from satan!
Thanks for saying no you saved tax payers world wide alittle.
❤❤❤❤😂❤😂 ,no man.
#Ruto of kenya must go.The bad seed of africa
People without precious natural resources offer loans to mineral rich countries? It does not sound right.
🤫🤫🤫🤫👍
IMF is always forced upon African leaders. Is a pressure of take it or you will be removed or overthrown approach. JMO
IMF itu aneh. Mau beri hutang kok ngak bawa uang. Malah suruh printing money. Habis itu suruh bayar utang pakai dollar US 😔. Jangan sampai kena jebakannya.
In old government the politicians would take the money the tax payer pay the loan.
Why can't Kenya follow this model
🇺🇸😎👍🏾
Don't use world bank....
Im European but Africans must stay out from our wester pirates politicians if they want prosperity🙂
Sounds like King Dubai hamdan is a friendly & he is even more friendly with LGBTQ community.!!
He wont last.
A Warrior.Nothing else.Another Muhammad Gaddafi in a new Form.Yes He is Back.😂
And this isn't debt trap?? Or its only applicable when china does it??
Freedom of speech is you do not speak
satan is crying cuz Traore is covered by the wings of GD himself! He refused to sign the dotted line in the contract from satan. His soul is clean....spotless!
That's right tell them to kiss your SSA burkino Faso
But our other Africa leader backbiting him as looser
i m f international mafia fund
Thanks but Putin will take care of me.
I T ' S A L L D E B T T R A P S T O B E A B L E T O S T E A L & C O N T R O L, P R I N T E D F R O M N O T H I N G , I T ' S F R A U D .
It's not a debt trap it's a bogus contract that's had one end not two end one for me and you that and legal contract
He is a smart young man , I don’t blame him.he can already see straight through there tricks.. ❤🖤💚🫡👏🏾👍🏾
your country is rich... What is this stupid IMF doing? ..
Albania, Andorra, Argentina, Australia, Austria, Belgium, Benin, Bosnia and Herzegovina, Bulgaria, Cabo Verde, Canada, Chile, Comoros, Costa Rica, Côte d’Ivoire, Council of Europe, Croatia, Cyprus, Czech Republic, Denmark, Dominican Republic, Ecuador, Estonia, European Commission, European Council, European Parliament, Fiji, Finland, France, Gambia, Georgia, Germany, Ghana, Greece, Guatemala, Hungary, Iceland, Iraq, Ireland, Israel, Italy, Japan, Jordan, Kenya, Kosovo, Latvia, Liberia, Liechtenstein, Lithuania, Luxemburg, Malta, Moldova, Monaco, Montenegro, Netherlands, New Zealand, North Macedonia, Norway, Palau, Peru, Philippines, Poland, Portugal, Qatar, Republic of South Korea, Romania, Rwanda, San Marino, Sao Tomé and Principe, Serbia, Singapore, Slovak Republic, Slovenia, Somalia, Spain, Suriname, Sweden, Switzerland, Timor Leste, Türkiye, Ukraine, United Kingdom, United States, Uruguay This are the countries that vowed to stay on the West side, the colonizers side. Open your eyes.
ONE BODY ONE MIND ONE VOICE ONE AFRICA. Eat drink wear your own FIRST NO ONE SHOULD SLEEP HUNGRY . Strengthen your heart ( IMAAN) first. The rest will come❤❤❤🎉🎉🎉