Burkina Faso: Seventh Review Under the Extended Credit Facility Arrangement and Request for a New Three-Year Extended Credit Facility Arrangement

February 10, 2014

Preview Citation

Format: Chicago

Burkina Faso: Seventh Review Under the Extended Credit Facility Arrangement and Request for a New Three-Year Extended Credit Facility Arrangement, (USA: International Monetary Fund, 2014) accessed November 23, 2024

Also available in: français

Summary

This paper discusses Burkina Faso’s Seventh Review Under the Extended Credit Facility (ECF) Arrangement and Request for a new Three-Year ECF Arrangement. Economic activity in Burkina Faso continued to grow at a brisk pace in 2013. Program performance remains strong. Revenue performance remains on target, but is no longer overshooting targets as in recent years, while spending execution is below target. Almost all program targets were met, including on net domestic financing and the fiscal balance. All structural benchmarks slated for completion in June and September were also met. The IMF staff supports completion of the seventh review of the current ECF arrangement and the authorities’ request for a new three-year ECF arrangement with access equivalent to 45 percent of quota.

Subject: Economic growth, Economic sectors, Environment, Inclusive growth, Mining sector, National accounts, Natural resources, Public financial management (PFM)

Keywords: Africa, AFW mission, Authority, Burkina Faso's authorities, CR, Exchange arrangement, Extended Credit Facility arrangement, Global, Gold export proceeds, Inclusive growth, ISCR, Mining sector, Natural resources, Proceeds, Revenue mobilization effort, Sub-Saharan Africa, West Africa

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/043
Stock No:

1BFAEA2014001
ISBN:

9781475581584
ISSN:

1934-7685

Notes

Also Available in French

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