馃嚙馃嚝Burkina FasoWest Africa
Prime Minister meets with Inter-African Federation of Insurance Brokers ahead of 16th annual general assembly
via Lefaso.net1 min read
Prime Minister Rimtalba Jean Emmanuel Ou茅draogo met on Tuesday, June 9, 2026, with a delegation from the Inter-African Federation of Insurance Brokers FIAC. The delegation, led by its interim President Vakaramoko Samak茅, presented to the head of government the issues surrounding the FIAC's 16th annual general assembly. This assembly is scheduled to take place from June 10 to June 13, 2026, in Ouagadougou.
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Must ReadEconomists and observers criticize the ECO currency project, stating that a name change does not alter its structural continuity, particularly regarding France's continued financial guarantees. Initially conceived as a common currency for all fifteen ECOWAS countries, the ECO project was influenced by the West African Economic and Monetary Union UEMOA and France. This led to a reform of the CFA franc, creating what analysts call a "franc zone 2.0," which solidified French financial influence before Anglophone countries, led by Nigeria, could implement their vision for a truly common currency free from colonial ties. This move drew strong reactions from West African Monetary Zone WAMZ members, who denounced it as a unilateral initiative inconsistent with the region's original plan. For the AES countries, the 2027 deadline is critical. Having opted for full sovereignty and broken ties with France militarily and diplomatically, they find it inconceivable to remain in a system that perpetuates Paris's economic influence. Adopting the ECO would mean endorsing a disguised mechanism of dependence, hindering their goal of breaking free from neocolonial constraints. This situation places the finance ministries of the three AES countries before a historic responsibility: to urgently prepare the framework for their own sovereign currency, embodying the desired break. The 2027 horizon demands accelerated reforms, as the regional dynamic is now bipolar, with ECOWAS aligned with the ECO an