Burundi: Request for Modification of Nonconcessional External Debt Limit Under the Extended Credit Facility

International Monetary Fund

No 2011/315, IMF Staff Country Reports from International Monetary Fund

Abstract: The Burundian government has requested a modification of the zero limit on nonconcessional external debt in the country’s arrangement under the Extended Credit Facility (ECF). It has sought to increase the grant element of the financing for the hydroelectric plant. Executive Directors support this request as the benefits of the hydroelectric plant outweigh the additional risk arising from the proposed line of credit. This will help Burundi increase its electricity generation capacity significantly, which has been identified by both donors and businesses as the major constraint to growth.

Keywords: ISCR; CR; current account; exchange rate; debt ratio; creating flow; sustainability framework; debt stock; grant element; debt service-to-revenue; service-to-revenue ratio; PPG debt; Public and publicly-guaranteed external debt; Lines of credit; Fiscal stance (search for similar items in EconPapers)
Pages: 14
Date: 2011-11-03
References: Add references at CitEc
Citations:

Downloads: (external link)
http://www.imf.org/external/pubs/cat/longres.aspx?sk=25327 (application/pdf)

Related works:
This item may be available elsewhere in EconPapers: Search for items with the same title.

Export reference: BibTeX RIS (EndNote, ProCite, RefMan) HTML/Text

Persistent link: https://EconPapers.repec.org/RePEc:imf:imfscr:2011/315

Ordering information: This working paper can be ordered from
http://www.imf.org/external/pubs/pubs/ord_info.htm

Access Statistics for this paper

More papers in IMF Staff Country Reports from International Monetary Fund International Monetary Fund, Washington, DC USA. Contact information at EDIRC.
Bibliographic data for series maintained by Akshay Modi ().