Burkina Faso: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Extension of Commitment Period
IMF Staff Country Reports, March 13, 2006
Source details
- Canonical URL
- Burkina Faso: Fifth Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Extension of Commitment Period
Other formats
Bibliographic details
- Published: March 13, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451803877.002
Summary
- The staff report highlights the macroeconomic framework for 2006 and the fiscal policy.
- Discussions focused on the permanence of the record 2005/06 harvest.
- The authorities welcomed debt relief provided under the Multilateral Debt Relief Initiative (MDRI).
- Authorities indicated they would use the additional resources to increase spending in priority social and infrastructure programs.
Macroeconomic framework for 2006
- Emphasis on assessing the permanence of the record 2005/06 harvest and its implications for 2006 macroeconomic outcomes.
- Macro policy considerations were framed within the context of a PRGF-supported program.
Fiscal policy and use of MDRI resources
- Authorities plan to allocate MDRI debt-relief savings to higher spending on priority social programs.
- Authorities plan to allocate MDRI debt-relief savings to higher spending on infrastructure programs.
Subject areas and keywords
- Subject: Asset and liability management, Commodities, Expenditure, External debt, Poverty
- Keywords: Agricultural commodities, CR, Debt relief, exchange rate, ISCR, Poverty reduction strategy, PRGF arrangement, PRGF loan, PRGF-supported program, SDR, U.S. dollar, West Africa