IMF Staff Country Reports

Structural reforms and strong macroeconomic policies of Burkina Faso have promoted economic growth and low inflation over the past decade. Executive Directors welcomed this development, and encouraged the authorities to reduce the fiscal deficit and maintain fiscal and external debt sustainability. They underscored the importance of a sound fiscal policy and a prudent policy framework to improve external competitiveness. They commended tax policy reform and adoption of the new cotton producer price mechanism. In view of this, grant financing is desirable to keep debt sustainable.