Burkina Faso: Request for a Three-Year Arrangement Under the Extended Credit Facility - Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

International Monetary Fund

No 2018/081, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper discusses Burkina Faso’s Request for a Three-Year Arrangement Under the Extended Credit Facility (ECF). The program aims to maintain macroeconomic stability while promoting sustainable and inclusive growth. Under the program, fiscal space for priority security, social, and investment spending would be supported by strengthening revenue mobilization and containing current spending, especially on wages. Efforts to improve investment selection and execution would achieve more with the resources available. Prudent public financial and debt management along with energy sector reforms would ensure fiscal sustainability and mitigate fiscal risks. Structural reforms would improve the business environment and promote diversification. The IMF staff supports the authorities’ request for an ECF arrangement.

Keywords: ISCR; CR; debt; executive board discussion; financing; debt management; authorities' intention; financing scheme; authorities' reform; debt criteria; Government debt management; Debt sustainability analysis; West Africa; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 90
Date: 2018-03-15
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