Burkina Faso: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Waiver of Nonobservance of Performance Criterion-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burkina Faso

December 15, 2010

Preview Citation

Format: Chicago

Burkina Faso: First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for a Waiver of Nonobservance of Performance Criterion-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burkina Faso, (USA: International Monetary Fund, 2010) accessed November 21, 2024

Also available in: français

Summary

Economic recovery has gained momentum, and short-term prospects have improved. Program implementation is good. Fiscal consolidation is essential for Burkina Faso’s macroeconomic stability and debt sustainability. Structural reforms remain focused on a few priority areas supporting growth and macroeconomic stability. Terms-of-trade and weather-related shocks are the main risks to the economic outlook. Executive Directors commend the government for their commitment to sound policies and encourage them to proceed with the reform agenda. The government also needs to sustain revenue mobilization to improve fiscal sustainability.

Subject: Capital spending, Current spending, Expenditure, Public financial management (PFM), Revenue administration

Keywords: Authorities' effort, Authorities' fiscal policies, Authority, Capital spending, CR, Current spending, Discussion of Burkina Faso, Executive board's discussion, Global, ISCR, Member of the IMF, Right, SDR, West Africa

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2010/361
Stock No:

1BFAEA2010003
ISBN:

9781455212866
ISSN:

1934-7685

Notes

Also available in French

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