Burkina Faso: Selected Issues

International Monetary Fund

No 2019/016, IMF Staff Country Reports from International Monetary Fund

Abstract: This Selected Issues paper examines Burkina Faso’s banking system and traces its macro-financial linkages. The analysis builds upon the macro-financial linkages work conducted in the context of the Article IV consultation with the West African Economic and Monetary Union (WAEMU). Overall, the banking system remains profitable and well-capitalized, but its ability to support the real economy needs to be improved if the authorities are to reach their development goals. Moreover, financial inclusion remains low, and despite recent progress on basic access to the financial system, significant barriers to accessing credit remain; particularly for women, rural inhabitants, and the agricultural sector. The available data indicates that the banking system remains well-capitalized and profitable. Systemic risks remain broadly contained, and new banks have come into operation, but there is significant scope to improve the banking system’s ability to support the real economy and financial inclusion. Deteriorating security conditions could undermine banks’ ability to expand into underserved remote areas.

Keywords: ISCR; CR; tax revenue; tax; VAT; income tax; GDP; Burkina Faso financial system; IMF staff estimate; Burkina Faso's banking system; financial system indicator; revenue mobilization; banking system to nonresident; Commercial banks; Financial inclusion; Consumption taxes; Credit; Sub-Saharan Africa; West Africa; Global (search for similar items in EconPapers)
Pages: 27
Date: 2019-01-22
New Economics Papers: this item is included in nep-fle
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