Burundi: Request for Modification of Nonconcessional External Debt Limit Under the Extended Credit Facility

November 3, 2011

Preview Citation

Format: Chicago

Burundi: Request for Modification of Nonconcessional External Debt Limit Under the Extended Credit Facility, (USA: International Monetary Fund, 2011) accessed November 21, 2024

Also available in: français

Summary

The Burundian government has requested a modification of the zero limit on nonconcessional external debt in the country’s arrangement under the Extended Credit Facility (ECF). It has sought to increase the grant element of the financing for the hydroelectric plant. Executive Directors support this request as the benefits of the hydroelectric plant outweigh the additional risk arising from the proposed line of credit. This will help Burundi increase its electricity generation capacity significantly, which has been identified by both donors and businesses as the major constraint to growth.

Subject: External debt, Financial institutions, Fiscal policy, Fiscal stance, Lines of credit, Public and publicly-guaranteed external debt, Public debt

Keywords: CR, Creating flow, Current account, Debt ratio, Debt service-to-revenue, Debt stock, Exchange rate, Fiscal stance, Grant element, ISCR, Lines of credit, PPG debt, Public and publicly-guaranteed external debt, Service-to-revenue ratio, Sustainability framework

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2011/315
Stock No:

1BDIEA2011005
ISBN:

9781463923884
ISSN:

1934-7685

Notes

Also available in French

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