Despite pressures from the conflict in the Middle East, we expect Burkina Faso will benefit from relatively strong economic growth, supported by improving agricultural and mining output, and high gold prices. The government is pursuing fiscal consolidation efforts, although the Middle East conflict's effects could raise expenditure and limit its flexibility. The country remains highly exposed to event risk, as demonstrated by recent attempted coups and ongoing terrorist activity in the country and in the broader Sahel region. We affirmed our ?CCC+/C? ratings on Burkina Faso. The outlook is stable. On May 8, 2026, S&P Global Ratings affirmed its 'CCC+' long-term and 'C' short-term sovereign credit ratings on Burkina Faso. The outlook is stable. The stable outlook reflects the balance
