Ouagadougou: The President of Faso, Captain Ibrahim Traor©, presided over the first ordinary session of the General Assembly of the Presidential Council for Orientation and Monitoring of the National Office of Major Projects of Burkina on Monday. This meeting served as a platform for council members to review the Public-Private Partnership (PPP) program aimed at financing various sectors to enhance the nation's economic and social development.

According to Burkina Information Agency, President Traor© set forth clear guidelines for financing the PPP projects, emphasizing the importance of avoiding national debt to benefit future generations. He stated, "The fundamental principle is to work as hard as possible to avoid putting the country into debt (...) we must think of future generations." He further noted that any debt incurred should ensure efficiency and rapid growth in profitable sectors.

The President urged participants to concentrate their discussions on priority sectors such as agriculture, industrial transformation, infrastructure, and job creation for young people. He also highlighted the energy sector as "a crucial sector for developing industry."

The session marked the adoption of the PPP program, aligning with the President's vision to minimize state debt. The Council evaluated 28 projects, validating 27, with 23 being user-pay projects, which require minimal state debt. Wendpanga Bruno Compaor©, Executive Director of the National Office of Major Projects of Burkina Faso, confirmed that 90.26% of the approved projects do not necessarily increase state debt.

The adoption of this PPP program paves the way for negotiations with investors, finalizing contracts, and implementing projects to benefit the people of Burkina Faso.