IMF Staff Country Reports

Burundi: Staff Report for the 2002 Article IV Consultation and Use of Fund Resources—Request for Post-Conflict Emergency Assistance

Publication Date:

November 6, 2002

Electronic Access:

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Summary:

This paper assesses Burundi’s 2002 Article IV Consultation and a Request for Post-Conflict Emergency Assistance. Implementation of a Staff-Monitored Program in 2001 was hampered by continued instability and a consequent holding back of donor support. Fiscal performance weakened in the latter part of 2001, mainly reflecting expenditure overruns. The external current account deficit also worsened, and the overall balance of payments was financed by a drawdown of official reserves and a buildup of external debt arrears. The program for the remainder of 2002 and the first half of 2003 focuses on key short-term stabilization measures.

Series:

Country Report No. 2002/242

Subject:

Agricultural commodities Central banks Commodities Currency markets Exchange rates Financial markets Foreign exchange International reserves Multiple currency practices