Burundi: Sixth Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access

International Monetary Fund

No 2015/088, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Burundi’s Sixth Review Under the Extended Credit Facility (ECF) arrangement and Request for Extension and Augmentation of Access. The macroeconomic outlook is broadly favorable, driven by continued public investment and a gradual recovery in agriculture; however, external vulnerabilities persist owing to a protracted decline in coffee exports and high volatility of coffee prices. The IMF staff supports the completion of the sixth review under the ECF and the authorities’ requests for an augmentation of access and extension of the current ECF arrangement through March 2016, which will be instrumental to catalyze donor support needed to address Burundi’s protracted balance-of-payments problem.

Keywords: ISCR; CR; real GDP; ECF arrangement; low-inflation environment; IMF Executive Board; Burundian authorities; prudent fiscal policy; revenue slippage; Budget execution and treasury management; Africa; Global (search for similar items in EconPapers)
Pages: 76
Date: 2015-04-01
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