Burkina Faso: Fourth and Fifth Reviews Under the Extended Credit Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
IMF Staff Country Reports, June 16, 2016
Source details
- Canonical URL
- Burkina Faso: Fourth and Fifth Reviews Under the Extended Credit Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
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Bibliographic details
- Published: June 16, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781498306188.002
Summary
- Focus: economic developments, economic policies, and economic risks in Burkina Faso.
- Timeframe emphasized: developments over the course of 2015 and in early 2016; projections for 2016.
- Document specifics:
- Pages: 92
- Volume: 2016
- Issue: 173
- Series: Country Report No. 2016/173
- DOI: https://doi.org/10.5089/9781498306188.002
- Stock No: 1BFAEA2016001
- ISBN: 9781498306188
- ISSN: 1934-7685
Economic activity and outlook
- Findings:
- Economic activity remained sluggish over the course of 2015 and in early 2016, amidst political uncertainty and weather shocks.
- Projections:
- Growth is projected to gradually recover in 2016, albeit at a slower rate than anticipated at the time of the 2nd/3rd Extended Credit Facility reviews.
Fiscal developments
- Findings:
- The overall fiscal deficit increased by 0.3 percentage points of GDP compared with 2014.
- The increase in the deficit reflected a sharp decline in revenues that was offset by expenditure compression.
Policy priorities and recommendations
- Fiscal policy:
- Fiscal policy in 2016 will remain prudent and anchored by the WAEMU convergence criterion.
- Revenue mobilization:
- The authorities are prioritizing measures to boost domestic revenue mobilization.
Thematic coverage and keywords
- Subjects: Budget planning and preparation, Credit, Expenditure, Money, Public financial management (PFM), Revenue administration.
- Keywords: agriculture sector, Budget planning and preparation, CR, Credit, ECF arrangement, ECF program, executive board's discussion, Global, government, ISCR, policy, Sub-Saharan Africa, transition authorities, West Africa.
International Monetary Fund. African Dept. "Burkina Faso: Fourth and Fifth Reviews Under the Extended Credit Facility and Request for Modification of Performance Criteria-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso", IMF Staff Country Reports 2016, 173 (2016).
Content in this bundle
- Country Report
- _cr16173