Burkina Faso targets 90% financial inclusion with new 2027-2031 strategy
Having exceeded its 75% target for the use of financial services at the end of its first strategy (2019-2023), Burkina Faso now aims to go further. The second National Financial Inclusion Strategy (SNFI 2), covering the period 2027-2031, seeks to raise the financial inclusion rate to 90%.
Valued at 44.2 billion FCFA over five years, the new framework aims to broaden access to financial services, accelerate their digitalisation and better protect populations, particularly women, young people and vulnerable groups.
Draft documents were submitted for stakeholder validation at a national workshop that opened on 6 November 2026 in Ouagadougou.
Enabling a woman to have an account to grow her business, a young person to obtain financing to bring an entrepreneurial project to life, or a farmer to mobilise the resources needed for a season: these are the concrete objectives of SNFI 2. Beyond the figures, the aim is to transform the daily lives of Burkinabè by bringing financial services closer to local economic realities.
Accelerating digitalisation is one of the pillars of the new strategy. The authorities intend to build on the dynamism of mobile telephony and digital financial services to reach rural areas and populations still excluded from the traditional banking system.
This approach also aims to reduce transaction costs and strengthen the traceability of financial flows.
Establishing a solid coordination mechanism appears to be the essential condition for the success of this project. Rigorous monitoring of the 44.2 billion FCFA mobilised, the involvement of microfinance institutions, banks and digital players, and the protection of users against risks linked to financial services are among the stated priorities.
The Ouagadougou validation workshop is intended to consolidate this partnership framework before the strategy is officially launched.
By raising its ambition to 90%, Burkina Faso is part of a regional drive for financial inclusion in the service of inclusive growth. The success of SNFI 2 will, however, depend on the ability of stakeholders to combine innovation, trust and proximity, so that every citizen can effectively benefit from the opportunities offered by the financial system.
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