Burkina Faso approves 2027-2031 inclusive finance strategy
By the AFREEQUE newsroom, based on Sidwaya
Illustrative image · MUHAMMAD MUKTAR · Pexels · Licence PexelsBurkina Faso's financial inclusion stakeholders have approved the documents for the second National Financial Inclusion Strategy, covering 2027-2031, as well as its three-year action plan. The strategy aims to strengthen access to quality, secure financial services suited to people's needs, according to the National Agency for the Promotion of Inclusive Finance.
Financial inclusion stakeholders approved draft documents for the second National Financial Inclusion Strategy (SNFI II) 2027-2031 and its three-year action plan at a workshop organised on Friday 6 November 2026 in Ouagadougou by the National Agency for the Promotion of Inclusive Finance (ANPFI). Vieux Abdoul Rachid Soulama, representing the Minister of Economy and Finance, said the first strategy, covering 2019-2023, had increased the overall use of financial services from 70.5% to 79.04%, exceeding the 75% target.
Geographical penetration of financial services also increased from 449 to 555 service points per 1,000 km² between 2019 and 2023, according to Vieux Abdoul Rachid Soulama. SNFI II is based on five pillars, including equitable access to financial services, the development of solutions suited to households and businesses, microfinance resilience, financial protection and education, and financial inclusion governance.
The new strategy is intended to consolidate these gains and accelerate progress in access to financial services, according to the minister's representative. Funding needs for SNFI II are estimated at about 44 billion CFA francs, according to figures presented at the workshop.
