Burundi: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi

Author: International Monetary Fund

Volume/Issue: Volume 2009 Issue 093

Publication date: March 2009

ISBN: 9781451803013

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Topics covered in this book

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Banks and Banking , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , PRGF arrangement , authority , SDR , MDRI debt relief , Burundian authorities , authorities' effort , government bank accounts , Monetary statistics , Global , Africa

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Summary

This paper presents key findings of the First Review for Burundi under the Poverty Reduction and Growth Facility (PRGF). Economic growth in Burundi increased to 4.5 percent in 2008, mainly because of a good coffee harvest and more donor-financed projects. The economic outlook is generally positive but subject to risks arising from the security situation and the external environment. Performance under the PRGF-supported program has been broadly satisfactory. All quantitative and structural performance criteria at end-September 2008 were met, and structural reforms are proceeding.