Burkina Faso: Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burkina Faso

July 8, 2010

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Format: Chicago

Burkina Faso: Request for a Three-Year Arrangement Under the Extended Credit Facility: Staff Report; Staff Supplement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burkina Faso, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: français

Summary

Performance under the last ECF-supported program was broadly satisfactory. The government has prepared a medium-term policy framework to consolidate recent progress, and enhance growth prospects and poverty reduction efforts. Burkina Faso’s risk of debt distress is high. Executive Directors suggest maintaining prudent borrowing policies. There are risks to the program, mostly linked to the economy’s vulnerability to weather related and terms-of-trade shocks. Burkina Faso has a good track record of policy and reform implementation in areas critical for macroeconomic stability and growth.

Subject: Current spending, Expenditure, External debt, Public debt, Public financial management (PFM)

Keywords: Cotton sector, CR, Current spending, Debt, ECF arrangement, Global, ISCR, Poverty reduction effort, Real GDP, Reform agenda, Tax reform strategy, West Africa

Publication Details

Pages:

92
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/197
Stock No:

1BFAEA2010002
ISBN:

9781455207510
ISSN:

1934-7685

Notes

Also available in french

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