Burkina Faso is the economic heartland of Central Africa.
For decades, the country has been the biggest beneficiary of African imports and the continent’s biggest export earner, the U.S. It also produces the majority of the country’s food, and its central bank has been central to stabilizing the currency and keeping the country afloat.
But as the economy continues to recover from years of drought, Burkina has seen the price of its exports rise dramatically.
And it’s the rise in prices that has put the country in the spotlight in the wake of a crisis that has seen tens of thousands of people flee the country and thousands more killed in the conflict.
“Burundi is the bread basket of the continent,” Burkina economist Emmanuel D’Aoust said.
“It’s the second-largest export country after the U, so it’s not a country that you’re going to be able to export.”
The crisis is forcing Burkina’s leaders to confront an increasingly volatile situation.
President Patrick Kamau announced last week that he will resign on March 21.
The next day, he told his cabinet to consider resigning, a move that sparked outrage.
On Monday, the president announced the resignation of his finance minister, accusing him of inciting the crisis.
He then announced that the central bank would suspend its operations until the situation improved.
D’Amouly says that the crisis has caused a sharp drop in exports.
“We’ve been exporting more goods than we’ve been importing, so now we’re getting a lot of the goods from Europe, but we’re also getting a little bit of the commodities from Africa,” he said.
This has caused an economic crisis that’s caused a lot damage, and it’s been hurting the economy, but also hurting the country.
“Now we’re facing a lot more instability, because you have to be very careful because people who are the beneficiaries of this instability are going to take advantage of that instability,” he explained.
“You have to make sure that you don’t put people in harm’s way.”
The economic situation has been particularly devastating for women, who have been the most impacted by the crisis in terms of their livelihoods.
Women’s salaries have plummeted, and they have struggled to find jobs that pay them the minimum wage.
They have been forced to take jobs that do not offer them enough to cover basic living expenses.
Many have also lost access to basic medicines.
“Women are very vulnerable, they have very little income,” D’Aroust said, “and they are at the mercy of the economic situation.”
The situation is even more difficult for men, who are also among the most vulnerable in the country because of the impact of the crisis on their families.
“Men, they’ve got a lot to lose, they’re going bankrupt,” D-Aoust explained.
In addition, women are also facing increased pressure from domestic violence and the country is now seeing more cases of domestic violence.
This is particularly problematic for the country since it is one of the largest markets for U.N. aid, with its own economy and its large African diaspora.
But the situation is not as dire as it once was, and there is still hope for Burkina, D’Assouly added.
“I think that this is the beginning of the end, because the people are not ready to accept this,” he added.
The country’s leaders have vowed to bring back some semblance of order, but they have to do it with the help of international aid.
The African Development Bank and other aid organizations have already started working with Burkina to help the country get back on its feet.
The bank is also looking to build on the progress it made in a number of key areas, including implementing its own economic reforms, helping to improve access to essential medicines and building bridges between the different ethnic groups that make up the country, said Rama Chamba, the Africa and Africa director at the bank.
“They are starting from scratch,” Chamba said.
But with the economic crisis in its third week, it’s clear that the country faces a long road ahead.
“People are not yet ready to start from scratch, but now they are starting to do so,” Damouly said.
The economic downturn will likely be more difficult to reverse than the economic collapse that occurred in 2015.
And D’Anouly warned that the situation could still worsen in the future.
“This will be a long and hard recovery,” he stressed.
“The economic situation will not be resolved until we have a stable and secure society.”