Burkina — Agence UMOA-Titres

Overview

Highlights

After the renewed growth observed in 2016, Burkina Faso’s economy is expected to grow at an average rate above 6.0% in the medium term, in part thanks to the increase in production of cotton and gold as well as grain production.
First African producer of cotton, the burkinabe Government implements reforms to improve the business climate.
Due to the increase in expenditures for investment and wages in the civil service, the budget deficit widened in 2016 (3.9) and especially in 2017 (7.8). However, budgetary consolidation measures should bring this deficit to the level of the community standard of 3% from 2019.
Like most of WAEMU Member States, inflation remains contained (+ 0.4% in 2017) in connection with the increase of grain production and lowering fuel price at the pump.
Foreign investment in the gold sector helped the country to become the fifth largest gold producer in Africa. Companies involved in the manufacture of mining equipment, finance and investment, geophysical mapping and consultancy are best placed to take advantage of the revitalization of Burkina Faso’s mining industry.
The external deficit is expected to widen in connection with the rise in investment spending. This deficit is largely funded through external support and the resumption of foreign direct investment (FDI) flows especially in the mining sector.

Economic data

	2013	2014	2015	2016	2017	2018
GDP growth (%)	5.8	4.3	3.9	5.9	6.3	6.7
Inflation rate (annual average)	0.5	-0.3	0.9	-0.2	0.4	1.7
Underlying budget balance / Nominal GDP (%)^*	-3.6	-1.9	-2.0	-3.9	-7.8	-5.0
Investment ratio^*	32.5	25.9	24.3	22.4	24.2	23.1
Current balance^*	-11.3	-8.1	-8.6	-7.2	-7.2	-7.0
Overall debt^*	28.8	30.4	35.8	38.3	38.3	41.0

Sources : BCEAO except the debt data provided by the IMF (Regional Economic outlook report, April 2018)
* in % of GDP

Issuances

Instrument	Date of operation	Value date	Deadline	Amount(millions of FCFA)	More info
T-Bill SI (Security 1)	08/04/2020	09/04/2020	08/07/2020	30 000	More info \| *Upcoming*	SI - Burkina 08/04/2020
T-Bond SI (Security 2)	08/04/2020	09/04/2020	09/04/2025	30 000	More info \| *Upcoming*	SI - Burkina 08/04/2020
T-Bill	25/03/2020	26/03/2020	24/03/2021	25 000	More info \| *Completed*	Burkina 25/03/2020
T-Bill	26/02/2020	27/02/2020	26/08/2020	30 000	More info \| *Completed*	Burkina 26/02/2020
T-Bond	12/02/2020	13/02/2020	13/02/2023	20 000	More info \| *Completed*	Burkina 12/02/2020
T-Bond	22/01/2020	23/01/2020	23/01/2023	20 000	More info \| *Completed*	Burkina 22/01/2020
T-Bill	08/01/2020	09/01/2020	06/01/2021	25 000	More info \| *Completed*	Burkina 08/01/2020
T-Bill	04/12/2019	05/12/2019	02/12/2020	20 000	More info \| *Completed*	Burkina 04/12/2019
T-Bond	19/11/2019	20/11/2019	--	20 000	More info *canceled* \| *Completed*	Burkina 19/11/2019
T-Bill	06/11/2019	07/11/2019	04/11/2020	10 000	More info \| *Completed*	Burkina 06/11/2019
T-Bond SI (Security 3)	30/10/2019	31/10/2019	--	25 000	More info *canceled* \| *Completed*	SI - Burkina 30/10/2019
T-Bond SI (Security 4)	30/10/2019	31/10/2019	--	25 000	More info *canceled* \| *Completed*	SI - Burkina 30/10/2019
T-Bill	01/10/2019	02/10/2019	29/09/2020	25 000	More info \| *Completed*	Burkina 01/10/2019
T-Bond	04/09/2019	05/09/2019	05/09/2024	20 000	More info \| *Completed*	Burkina 04/09/2019
T-Bill	21/08/2019	22/08/2019	19/08/2020	20 000	More info \| *Completed*	Burkina 21/08/2019
T-Bond	06/08/2019	07/08/2019	07/08/2022	20 000	More info \| *Completed*	Burkina 06/08/2019
T-Bill	24/07/2019	25/07/2019	22/07/2020	20 000	More info \| *Completed*	Burkina 24/07/2019
T-Bond	10/07/2019	11/07/2019	11/07/2022	25 000	More info \| *Completed*	Burkina 10/07/2019
T-Bill	26/06/2019	27/06/2019	25/09/2019	25 000	More info \| *Completed*	Burkina 26/06/2019
T-Bond	07/06/2019	11/06/2019	09/05/2022	20 000	More info \| *Completed*	Burkina 07/06/2019
T-Bill	22/05/2019	23/05/2019	20/05/2020	20 000	More info \| *Completed*	Burkina 22/05/2019
T-Bond SI (Security 5)	08/05/2019	09/05/2019	09/05/2022	25 000	More info \| *Completed*	SI - Burkina 08/05/2019
T-Bond SI (Security 6)	08/05/2019	09/05/2019	09/05/2024	25 000	More info \| *Completed*	SI - Burkina 08/05/2019
T-Bill	17/04/2019	18/04/2019	15/04/2020	25 000	More info \| *Completed*	Burkina 17/04/2019
T-Bill	03/04/2019	04/04/2019	03/07/2019	25 000	More info \| *Completed*	Burkina 03/04/2019
T-Bill	06/03/2019	07/03/2019	04/03/2020	30 000	More info \| *Completed*	Burkina 06/03/2019
T-Bill SI (Security 7)	20/02/2019	21/02/2019	19/02/2020	30 000	More info \| *Completed*	SI - Burkina 20/02/2019
T-Bond SI (Security 8)	20/02/2019	21/02/2019	21/02/2022	30 000	More info \| *Completed*	SI - Burkina 20/02/2019
T-Bill	06/02/2019	07/02/2019	07/08/2019	30 000	More info \| *Completed*	Burkina 06/02/2019
T-Bill SI (Security 9)	23/01/2019	24/01/2019	22/01/2020	30 000	More info \| *Completed*	SI - Burkina 23/01/2019
T-Bond SI (Security 10)	23/01/2019	24/01/2019	24/01/2022	30 000	More info \| *Completed*	SI - Burkina 23/01/2019
T-Bill	08/01/2019	09/01/2019	07/01/2020	25 000	More info \| *Completed*	Burkina 08/01/2019
T-Bill SI (Security 11)	21/12/2018	24/12/2018	24/03/2019	35 000	More info \| *Completed*	SI - Burkina 21/12/2018
T-Bond SI (Security 12)	21/12/2018	24/12/2018	14/12/2021	35 000	More info \| *Completed*	SI - Burkina 21/12/2018
T-Bill SI (Security 13)	13/12/2018	14/12/2018	12/12/2019	35 000	More info \| *Completed*	SI - Burkina 13/12/2018
T-Bond SI (Security 14)	13/12/2018	14/12/2018	14/12/2021	35 000	More info \| *Completed*	SI - Burkina 13/12/2018
T-Bill	28/11/2018	29/11/2018	29/05/2019	30 000	More info \| *Completed*	Burkina 28/11/2018
T-Bond	14/11/2018	15/11/2018	15/11/2021	30 000	More info \| *Completed*	Burkina 14/11/2018
T-Bill	05/11/2018	06/11/2018	04/11/2019	25 000	More info \| *Completed*	Burkina 05/11/2018
T-Bond	17/10/2018	18/10/2018	18/10/2021	20 000	More info \| *Completed*	Burkina 17/10/2018
T-Bill	03/10/2018	04/10/2018	03/10/2019	25 000	More info \| *Completed*	Burkina 03/10/2018
T-Bill	19/09/2018	20/09/2018	18/09/2019	25 000	More info \| *Completed*	Burkina 19/09/2018
T-Bond	05/09/2018	06/09/2018	06/09/2021	25 000	More info \| *Completed*	Burkina 05/09/2018
T-Bill	20/08/2018	21/08/2018	19/08/2019	25 000	More info \| *Completed*	Burkina 20/08/2018
T-Bond SI (Security 15)	08/08/2018	09/08/2018	09/08/2021	50 000	More info \| *Completed*	SI - Burkina 08/08/2018
T-Bond SI (Security 16)	08/08/2018	09/08/2018	09/08/2023	50 000	More info \| *Completed*	SI - Burkina 08/08/2018
T-Bill	25/07/2018	26/07/2018	24/07/2019	25 000	More info \| *Completed*	Burkina 25/07/2018
T-Bond	11/07/2018	12/07/2018	12/07/2021	25 000	More info \| *Completed*	Burkina 11/07/2018
T-Bond	27/06/2018	28/06/2018	28/06/2021	20 000	More info \| *Completed*	Burkina 27/06/2018
T-Bill	13/06/2018	18/07/2018	09/12/2018	25 000	More info \| *Completed*	Burkina 13/06/2018
T-Bond SI (Security 17)	30/05/2018	31/05/2018	31/05/2021	20 000	More info *canceled* \| *Completed*	SI - Burkina 30/05/2018
T-Bond SI (Security 18)	30/05/2018	31/05/2018	31/05/2023	20 000	More info *canceled* \| *Completed*	SI - Burkina 30/05/2018
T-Bill	16/05/2018	17/05/2018	18/12/2018	20 000	More info \| *Completed*	Burkina 16/05/2018
T-Bill	02/05/2018	03/05/2018	20/02/2019	20 000	More info \| *Completed*	Burkina 02/05/2018
T-Bill	18/04/2018	19/04/2018	17/04/2019	20 000	More info \| *Completed*	Burkina 18/04/2018
T-Bond	21/03/2018	22/03/2018	23/11/2020	25 000	More info \| *Completed*	Burkina 21/03/2018
T-Bill	07/03/2018	08/03/2018	06/03/2019	30 000	More info \| *Completed*	Burkina 07/03/2018
T-Bill	21/02/2018	22/02/2018	20/02/2019	25 000	More info \| *Completed*	Burkina 21/02/2018
T-Bill	07/02/2018	08/02/2018	08/08/2018	25 000	More info \| *Completed*	Burkina 07/02/2018
T-Bond	24/01/2018	25/01/2018	25/01/2021	20 000	More info \| *Completed*	Burkina 24/01/2018
T-Bill	09/01/2018	10/01/2018	08/01/2019	25 000	More info \| *Completed*	Burkina 09/01/2018
T-Bill	19/12/2017	20/12/2017	18/12/2018	25 000	More info \| *Completed*	Burkina 19/12/2017
T-Bond	13/12/2017	14/12/2017	23/11/2020	35 000	More info \| *Completed*	Burkina 13/12/2017
T-Bill	22/11/2017	23/11/2017	21/11/2018	60 000	More info \| *Completed*	Burkina 22/11/2017
T-Bond	22/11/2017	23/11/2017	23/11/2022	60 000	More info \| *Completed*	Burkina 22/11/2017
T-Bond	22/11/2017	23/11/2017	23/11/2020	60 000	More info \| *Completed*	Burkina 22/11/2017
T-Bill	07/11/2017	08/11/2017	08/05/2018	25 000	More info \| *Completed*	Burkina 07/11/2017
T-Bond	27/10/2017	30/10/2017	30/10/2020	35 000	More info \| *Completed*	Burkina 27/10/2017
T-Bond	27/10/2017	30/10/2017	29/09/2022	35 000	More info \| *Completed*	Burkina 27/10/2017
T-Bill	17/10/2017	18/10/2017	17/04/2018	30 000	More info \| *Completed*	Burkina 17/10/2017
T-Bond	05/10/2017	06/10/2017	29/09/2020	40 000	More info \| *Completed*	Burkina 05/10/2017
T-Bond	28/09/2017	29/09/2017	29/09/2020	50 000	More info \| *Completed*	Burkina 28/09/2017
T-Bond	28/09/2017	29/09/2017	29/09/2022	50 000	More info \| *Completed*	Burkina 28/09/2017
T-Bill	07/09/2017	08/09/2017	08/03/2018	30 000	More info \| *Completed*	Burkina 07/09/2017
T-Bill	07/09/2017	08/09/2017	07/12/2017	30 000	More info \| *Completed*	Burkina 07/09/2017
T-Bill	21/07/2017	24/07/2017	22/07/2018	35 000	More info \| *Completed*	Burkina 21/07/2017
T-Bill	21/07/2017	24/07/2017	21/01/2018	35 000	More info \| *Completed*	Burkina 21/07/2017
T-Bond	15/06/2017	16/06/2017	13/04/2020	40 000	More info \| *Completed*	Burkina 15/06/2017
T-Bill	15/06/2017	16/06/2017	14/06/2018	40 000	More info \| *Completed*	Burkina 15/06/2017
T-Bond	18/05/2017	19/05/2017	13/04/2020	40 000	More info \| *Completed*	Burkina 18/05/2017
T-Bill	18/05/2017	19/05/2017	16/11/2017	40 000	More info \| *Completed*	Burkina 18/05/2017
T-Bill	12/04/2017	13/04/2017	11/04/2018	40 000	More info \| *Completed*	Burkina 12/04/2017
T-Bill	12/04/2017	13/04/2017	11/10/2017	40 000	More info \| *Completed*	Burkina 12/04/2017
T-Bond	12/04/2017	13/04/2017	13/04/2020	40 000	More info \| *Completed*	Burkina 12/04/2017
T-Bill	10/03/2017	17/03/2017	14/09/2017	35 000	More info \| *Completed*	Burkina 10/03/2017
T-Bill	16/03/2017	17/03/2017	15/06/2017	35 000	More info \| *Completed*	Burkina 16/03/2017
T-Bill	19/01/2017	20/01/2017	20/04/2017	35 000	More info \| *Completed*	Burkina 19/01/2017
T-Bill	01/12/2016	02/12/2016	02/03/2017	40 000	More info \| *Completed*	Burkina 01/12/2016
T-Bond	10/11/2016	11/11/2016	08/04/2021	35 000	More info \| *Completed*	Burkina 10/11/2016
T-Bill	27/10/2016	28/10/2016	25/10/2018	35 000	More info \| *Completed*	Burkina 27/10/2016
T-Bond	01/09/2016	02/09/2016	02/09/2023	50 000	More info \| *Completed*	Burkina 01/09/2016
T-Bill	11/08/2016	12/08/2016	10/08/2017	35 000	More info \| *Completed*	Burkina 11/08/2016
T-Bill	21/07/2016	22/07/2016	19/07/2018	40 000	More info \| *Completed*	Burkina 21/07/2016
T-Bond	16/06/2016	17/06/2016	17/06/2019	40 000	More info \| *Completed*	Burkina 16/06/2016
T-Bill	19/05/2016	20/05/2016	17/11/2016	40 000	More info \| *Completed*	Burkina 19/05/2016
T-Bond	07/04/2016	08/04/2016	08/04/2021	40 000	More info \| *Completed*	Burkina 07/04/2016
T-Bill	10/03/2016	11/03/2016	08/03/2018	40 000	More info \| *Completed*	Burkina 10/03/2016
T-Bill	18/02/2016	19/02/2016	16/02/2017	35 000	More info \| *Completed*	Burkina 18/02/2016
T-Bill	20/01/2016	21/01/2016	20/07/2016	35 000	More info \| *Completed*	Burkina 20/01/2016
T-Bond	15/12/2015	16/12/2015	16/12/2020	30 000	More info \| *Completed*	Burkina 15/12/2015
T-Bill	20/10/2015	21/10/2015	19/04/2016	40 000	More info \| *Completed*	Burkina 20/10/2015
T-Bill	10/09/2015	11/09/2015	10/03/2016	30 000	More info \| *Completed*	Burkina 10/09/2015
T-Bill	06/08/2015	07/08/2015	04/02/2016	40 000	More info \| *Completed*	Burkina 06/08/2015
T-Bond	25/06/2015	26/06/2015	20/05/2020	30 000	More info \| *Completed*	Burkina 25/06/2015
T-Bond	19/05/2015	20/05/2015	20/05/2020	30 000	More info \| *Completed*	Burkina 19/05/2015
T-Bill	16/04/2015	17/04/2015	15/10/2015	35 000	More info \| *Completed*	Burkina 16/04/2015
T-Bill	05/03/2015	06/03/2015	03/09/2015	30 000	More info \| *Completed*	Burkina 05/03/2015
T-Bill	20/01/2015	21/01/2015	21/04/2015	25 000	More info \| *Completed*	Burkina 20/01/2015
T-Bond	30/12/2014	31/12/2014	31/12/2019	30 000	More info \| *Completed*	Burkina 30/12/2014
T-Bill	09/12/2014	10/12/2014	09/06/2015	30 000	More info \| *Completed*	Burkina 09/12/2014
T-Bill	10/09/2014	11/09/2014	11/03/2015	35 000	More info \| *Completed*	Burkina 10/09/2014
T-Bill	09/07/2014	10/07/2014	07/01/2015	30 000	More info \| *Completed*	Burkina 09/07/2014
T-Bill	08/05/2014	09/05/2014	07/08/2014	25 000	More info \| *Completed*	Burkina 08/05/2014

Useful links

Official Government portal
General Secretariat of Government and Council of Ministers
Ministry of Economy and Finances
Directorate General of Treasury and Public Accounting
Directorate-General of Tax
Directorate-General Budget

News

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