Burundi: Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion
Volume/Issue:
Volume 2007
Issue 113
Publication date: March 2007
ISBN: 9781451802948
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Topics covered in this book
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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF loan , government , fiscal policy , authority , Burundian authorities , disbursement of SDR , PRGF-supported program , reform agenda , Poverty reduction strategy , International reserves , Poverty reduction , Africa , East Africa , Global , Southern Africa
Summary
This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement for Burundi. Macroeconomic performance under the PRGF-supported program in 2006 was broadly in line with the program. All end-June and end-September 2006 quantitative performance targets were met with the exception of a temporary accumulation of external arrears. Structural reforms lagged in mid-2006. The structural performance criterion at end-September and the structural benchmarks were missed. The measures covered by the performance criterion and three of the benchmarks were implemented by early 2007.
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