Burundi: Fourth Review Under the Extended Credit Facility Arrangement

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2014 Issue 083

Publication date: March 2014

ISBN: 9781484341582

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Topics covered in this book

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Banks and Banking , Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , ISCR , CR , debt , real GDP , ECF arrangement , expenditure pressure , inflation outlook , sustainability indicator , Burundi authorities , Public and publicly-guaranteed external debt , Debt sustainability , Africa , Global

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Summary

Burundi’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement is discussed. The measures undertaken to enhance fiscal outlook by the 2015 elections are reviewed. Satisfactory progress has been made on structural reforms. Policy discusses have focused on reinvigorating program implementation after the difficulties in completing the third review under the ECF arrangement. The IMF staff recommends the completion of the fourth review under the ECF arrangement, setting of new performance and indicative criteria for September 2014, and the disbursement of SDR 5 million.