Burundi: Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Modification of Performance Criteria: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executiv

Second Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility and Request for Modification of Performance Criteria: 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 242

Publication date: August 2009

ISBN: 9781451803020

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Banks and Banking , Economics- Macroeconomics , Public Finance , Demography , ISCR , CR , PRGF arrangement , growth facility , PRGF , IMF Completes Second Review , request , request for modification of performance criteria , Second Review under the Three-Year Arrangment , Burundian authorities , Global financial crisis of 2008-2009 , Global

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Summary

This paper discusses key findings of the Second Review for Burundi under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). All quantitative and structural performance criteria for March 2009 were met, and structural reforms are on track. In the near term, the authorities are determined to focus on sustaining macroeconomic stability, increasing domestic resource mobilization, promoting pro-poor growth, and implementing the power-sharing agreement to consolidate the peace process. Their commitment to the PRGF-supported program is unwavering and their end-March 2009 program performance has been impressive.