Burundi: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi

International Monetary Fund

No 2013/288, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper analyzes Burundi’s Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria. Policy discussions in the program focus on measures to strengthen fiscal performance, which have been reflected in a revised 2013 budget, bolstering public financial and debt management. The report highlights that the macroeconomic outlook remains difficult, compounded by downside risks related to uncertainties in the external economic environment. Also, the need to preserve debt sustainability continues to anchor medium-term fiscal policy.

Keywords: ISCR; CR; authority; Burundian authorities; ECF arrangement; inflation expectation; IMF's executive board; debt management policy; authorities' strategy; Public and publicly-guaranteed external debt; Africa; Southern Africa; Global; East Africa (search for similar items in EconPapers)
Pages: 74
Date: 2013-09-18
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