Burundi: Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion

International Monetary Fund

No 2007/113, IMF Staff Country Reports from International Monetary Fund

Abstract: 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.

Keywords: 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 (search for similar items in EconPapers)
Pages: 73
Date: 2007-03-21
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