Burkina Faso: Request for a Three-Year Arrangement Under the Extended Credit Facility - Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

March 15, 2018

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Burkina Faso: Request for a Three-Year Arrangement Under the Extended Credit Facility - Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Also available in: français

Summary

This paper discusses Burkina Faso’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The program aims to maintain macroeconomic stability while promoting sustainable and inclusive growth. Under the program, fiscal space for priority security, social, and investment spending would be supported by strengthening revenue mobilization and containing current spending, especially on wages. Efforts to improve investment selection and execution would achieve more with the resources available. Prudent public financial and debt management along with energy sector reforms would ensure fiscal sustainability and mitigate fiscal risks. Structural reforms would improve the business environment and promote diversification. The IMF staff supports the authorities’ request for an ECF arrangement.

Subject: Debt sustainability analysis, Expenditure, External debt, Government debt management, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Revenue administration

Keywords: Authorities' intention, Authorities' reform, CR, Debt, Debt criteria, Debt management, Debt sustainability analysis, Executive board discussion, Financing, Financing scheme, Government debt management, ISCR, Sub-Saharan Africa, West Africa

Publication Details

Pages:

90
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/081
Stock No:

1BFAEA2018001
ISBN:

9781484347362
ISSN:

1934-7685

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