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

October 3, 2023

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Format: Chicago

Burkina Faso: Request for a Four-Year Arrangement Under the Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso, (USA: International Monetary Fund, 2023) accessed November 15, 2024

Also available in: français

Summary

Burkina Faso faces large balance of payments (BoP) and security needs aggravated by acute food insecurity and political instability. In March 2023, the authorities obtained Fund emergency financing under the Food Shock Window (FSW) of the Rapid Credit Facility to address the ongoing food insecurity crisis, which in some regions remains acute. Following two military coups in 2022, international development support has declined. Burkina Faso has agreed with the Economic Community of West African States (ECOWAS) on a return to constitutional order, with elections to be held by July 2024.

Subject: Budget planning and preparation, Debt sustainability, External debt, International organization, Monetary policy, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authorities' implementation, Budget planning and preparation, Debt sustainability, Emergency food expenditure, Financing gap, Food insecurity crisis, Global, Implementation of the food emergency response

Publication Details

Pages:

113
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/343
Stock No:

1BFAEA2023002
ISBN:

9798400255878
ISSN:

1934-7685

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