he served until he was elected to the National Assembly as a deputy from Bam in the May 1992 parliamentary election. He was appointed as Prime Minister by Compaoré on 16 June 1992. He promoted reforms favorable to the private sector. He entered into negotiations with the IMF and the World Bank to reach agreements on structural adjustment. The CFA franc was devaluated in January 1994, and this was followed by controversy. Ouédraogo signed an agreement with trade unions to raise salaries on 12 March 1994, but the agreement fell through and Ouédraogo resigned a few days later. Diplomacy He also had a diplomatic career. He served as Ambassador to Belgium, the Netherlands, the United Kingdom, Luxembourg and the European Union before being appointed as Minister of State for Foreign Affairs in January 1999. Chairman of the African Group of Ambassadors Committee – Caribbean – Pacific (ACP), he is one of the main negotiators in front of the European Commission at the renewal of the Fourth Geneva Convention governing the ACP-EU Partnership for the period 1995–1999. Recalled to Burkina Faso in January 1999, he was appointed as Minister of Foreign Affairs, a post he held until 2007. He represented Africa at the launch in March 1999 of the US – Africa Partnership for 21st century, with President Bill Clinton. At this time the Burkina Faso held the presidency of the Organization of African Unity (OAU). He strongly supported the preferential agreement proposed by the United States to promote trade relations with Africa (AGOA) and the creation of the Millennium Challenge Corporation. He also organized Burkina second ministerial meeting implementation of the Africa – European Union (2002), and the tenth Francophonie Summit (2004). Ouédraogo was elected to the National Assembly again in the 2007 parliamentary election as a candidate of the CDP from Bam Province. In the government of Prime Minister Tertius Zongo, which was appointed on 10 June 2007, he was replaced as Foreign Minister by Djibrill Bassolé. International organisations In September 2007, he became Special Adviser to the President of the African Development Bank. He was in charge of political and diplomatic issues. He was appointed to that position to deepen and/or expand the partnership between the Bank and its Member States, Regional Economic Communities and international institutions. He also defended a stronger partnership between the Maghreb and Sub-Saharan Africa. In 2016, he was elected associated member of the