Burkina Faso: Staff Report for 2009 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Augmentation of Access and Modification of Performance Criteria

International Monetary Fund

No 2010/007, IMF Staff Country Reports from International Monetary Fund

Abstract: In 2008–09, economic activity in Burkina Faso was negatively affected by the increase in global food and fuel prices, the global economic and financial crisis, and heavy flooding in Ouagadougou in September 2009. These shocks are estimated to have contributed to a deterioration in poverty indicators. Spending on emergency and humanitarian needs rose after the 2009 flooding. Fiscal stimulus measures were also adopted to support economic activity. Executive Directors have welcomed the authorities’ resolve to enhance revenue performance and expenditure management while unwinding exceptional expenditure generated by adverse exogenous shocks.

Keywords: ISCR; CR; reform; tax reform strategy; PRGF arrangement; price; revenue mobilization effort; authorities development agenda; real gross domestic product; debt indicator; Burkina Faso's authorities; poverty reduction spending; Current spending; Capital spending; Global; West Africa (search for similar items in EconPapers)
Pages: 102
Date: 2010-01-07
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