Burundi: Second Review Under the Extended Credit Facility—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion

March 11, 2013

Preview Citation

Format: Chicago

Burundi: Second Review Under the Extended Credit Facility—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion, (USA: International Monetary Fund, 2013) accessed November 22, 2024

Also available in: français

Summary

The Burundian economy faced several adverse shocks. The government responded by allowing greater exchange rate flexibility and by tightening its monetary policy. The fiscal stance was in line with the program, and program implementation has been broadly satisfactory despite difficult circumstances. Sustaining revenue mobilization remains a top priority. Public financial management needs to be bolstered significantly and the country remains at high risk of debt distress, underscoring the importance of reinforcing debt management. Monetary policy should remain tight until inflation falls.

Subject: Debt sustainability, External debt, Inflation, Prices, Public debt, Public financial management (PFM)

Keywords: Africa, Burundi, Cash flow, CR, Debt, Debt sustainability, Disbursement of an amount equivalent, ECF arrangement, Executive board's decision, Global, Inflation, ISCR, Real gross domestic product growth, Sustainability indicator

Publication Details

Pages:

78
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/064
Stock No:

1BDIEA2013001
ISBN:

9781475563757
ISSN:

1934-7685

Notes

Also available in French

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