Burkina Faso: Ex Post Assessment of Longer-Term Program Engagement

Burkina Faso: Ex Post Assessment of Longer-Term Program Engagement—An Update

July 24, 2013

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Burkina Faso: Ex Post Assessment of Longer-Term Program Engagement—An Update, (USA: International Monetary Fund, 2013) accessed December 25, 2024

Also available in: français

Summary

This paper discusses Burkina Faso’s ex-post assessment of longer-term program engagement. Economic growth has fluctuated above regional standards, averaging 5.3 percent between 2007 and 2012. The improvements in the agricultural sector, as a result of authorities’ strong push for reforms, and investments in the sector, mitigated the impact of unfavorable weather conditions. Authorities responded to high commodity price pressure with temporary exemption from custom fees, value-added tax on basic products, sales of food at below market prices, and suspension of the automatic oil price mechanism. Inflation has remained generally low since 2010, despite food shortages caused by the drought in 2011.

Subject: Expenditure, Fiscal policy, Poverty, Poverty reduction, Public financial management (PFM), Revenue administration

Keywords: Broad money, Burkinabé authorities, Capital expenditure, CR, Debt management, Debt relief, Economic growth, Fiscal policy, Global, Government approval, ISCR, Natural resources, Poverty reduction, Private sector, Sub-Saharan Africa, West Africa

Publication Details

Pages:

42
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/228
Stock No:

1BFAEA2013002
ISBN:

9781484327081
ISSN:

1934-7685

Notes

Also available in French

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