Burundi: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Extension of the Arrangement and Augmentation of Access: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi

International Monetary Fund

No 2011/199, IMF Staff Country Reports from International Monetary Fund

Abstract: The Burundian economy is recovering but at a slower pace than previously expected, while inflation is expected to rise considerably. The macroeconomic outlook has been adversely affected by the surge in global food and fuel prices. Policies focused on the appropriate policy response to the food and fuel price shock, with a view to consolidating economic stability and further reducing poverty are required. Executive Directors urge the government to anchor medium-term fiscal policy to debt sustainability. Sustained growth depends on accelerating structural reforms.

Keywords: ISCR; CR; ECF arrangement; anchor inflation expectation; monetary policy; government; price pressure; Burundi authorities; summary government finance transactions data; Commodity price shocks; Monetary statistics; External sector statistics; Global (search for similar items in EconPapers)
Pages: 69
Date: 2011-07-25
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