Burkina Faso: 2024 Article IV Consultation and First Review Under the Extended Credit Facility and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2024 Issue 249

Publication date: July 2024

ISBN: 9798400284274

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Environmental Economics , consultation cycle , HIPC resource , investment expenditure budgeting , SDR equivalent , appreciation to IMF management , Debt sustainability , Food security , Global , Africa

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Summary

Burkina Faso continues to face significant challenges related to security and food insecurity and remains committed to addressing them. The authorities have formed the Alliance of Sahel States (AES) with Mali and Niger; while they decided to leave ECOWAS in January, they have since reaffirmed their commitment to WAEMU membership. The authorities have in May extended the political transition with elections now planned to take place in five years, and the risk of further political instability remains high. Fund relations have remained strong and collaborative.