PRESIDENT IBRAHIM TRAORE CREATES CENTRAL BANK

Written by Michael Thervil

In a massive power move by President Ibrahim Traore after his visit to Moscow at the request of Russian President Vladimir Putin; he and other African leaders launched their own Central Bank which goes by the name of Confederate Bank of Investment and Development. The Confederate Bank of Investment and Development was seeded with a 500 billion CFA francs, which translates to roughly $820 million USD. The Confederate Bank of Investment and Development was also formed in partnership with other African nations within the Sahel region such as Niger and Mali.

This power move by Ibrahim Traore according to both Sociologist and political analyst was really needed in order to propel African countries to the next level in terms of social growth and economic development in the region under its jurisdiction. The creation of the Confederate Bank of Investment and Development has also created a chain reaction of causing Burkina Faso, Benin, Togo, Guinea, Niger, and Mali to break away from ECOWAS permanently even though their membership was previously “suspended”, causing other African nations within the region to consider doing the same.

The biggest reason for this is because ECOWAS Bank for Investment and Development has been for decades more about investing in its own leaders and developing their personal projects with money that was supposed to go to help the people it created to help. In short ECOWAS has failed to serve the people that it was to help but it has continuously placed the needs, wants, and desires of the Collective West above the needs of its own people. 

It’s predicted by Sociologists that if the Confederate Bank of Investment and Development proves to be successful, other countries within the Sahel region such as Chad, Sudan, Liberia, Guinea-Bissau, Senegal, and Cape Verde will probably follow suit by breaking away from ECOWAS. Countries like Côte d’Ivoire, Nigeria, and Ghana are not expected to necessarily follow suit because they simply have too much corruption within their governments and are willing to go to great lengths to be accepted by the American and the Collective West. Laying claim to this position is the fact that just within the last 2-3 weeks, Côte d’Ivoire (Ivory Coast) was busted by Burkina Faso in trying to execute a coup led by western powers which would have led to the assassination of President Ibrahim Traore.

Even more than that, with the very strong alliance President Ibrahim Traore is forming with Russia and to be expected China, he will find that for the first time in history that he will be somewhat insulated from the destructive and divisive practices from America and the Collective West. For Burkina Faso, Mali, and Niger, the creation of the Confederate Bank of Investment and Development will allowed them to not only fund their own public and private projects that will benefit the people of their respective countries, but the Confederate Bank of Investment and Development will allow Niger, Burkina Faso, and Mali to build the much needed infrastructure needed to allow them to engage in commerce and trade with each other and various other African countries and ultimately with countries around the world.

In doing this the income generated will increase the amount of influence African countries have of the global market and in the realm of geo-politics. In fact, it was reported that the successful implementation of a Confederate Bank of Investment and Development will also allow for African businesses to grow and prosper under the direction of the “hidden hand” of the free market. This would lift the countries in the Sahel region of Africa out of the poverty that they have been forced to reside in for at least a century under the rule of American, France, Portugal, Italy, and other colonial powers.

The creation of the Confederate Bank of Investment and Development will stop the perpetual financial crippling brought on by colonial powers and allow for the financial independence of Mali, Burkina Faso, and Niger. One of the main drivers of financial growth in Burkina Faso will come from the energy sector. As more international countries engage in trade, business and banking with these three African nations, the more energy will be required to facilitate these business transactions. 

This will be particularly seen by the development of an aviation corridor that will interlink the three African cultures together. This means that there is an accelerated growth in the energy sector within these three African nations. With more energy and infrastructure being built, the more agriculture will have to grow and develop as well. There Would be no need for the importation of food and agricultural products anymore.

As it currently stands, there’s no way but up for Niger, Mali, and Burkina Faso.