Burundi: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi
IMF Staff Country Reports, September 18, 2013
Source details
- Canonical URL
- Burundi: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi
Other formats
Bibliographic details
- Published: September 18, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616354947.002
Executive summary
- The paper analyzes Burundi’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria.
- Policy discussions focus on measures to strengthen fiscal performance reflected in a revised 2013 budget and on bolstering public financial and debt management.
- The macroeconomic outlook is described as difficult, compounded by downside risks related to uncertainties in the external economic environment.
- Preserving debt sustainability continues to anchor medium-term fiscal policy.
Macroeconomic outlook and risks
- Macroeconomic outlook: difficult.
- Downside risks: related to uncertainties in the external economic environment.
Fiscal policy, public financial management, and debt
- Program focus:
- Strengthen fiscal performance (reflected in revised 2013 budget).
- Bolster public financial management (PFM).
- Bolster debt management policy to preserve debt sustainability.
- Policy anchor: need to preserve debt sustainability for medium-term fiscal policy.
Subject coverage and keywords
- Subjects: External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration.
- Keywords include: Africa, authorities' strategy, authority, Burundian authorities, CR, debt management policy, East Africa, ECF arrangement, Global, IMF's executive board, inflation expectation, ISCR, Public and publicly-guaranteed external debt, Southern Africa.
Content in this bundle
- _cr13288 - IMF staff report
- _cr13288f