This paper discusses key findings of the Second Review for Burundi under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). All quantitative and structural performance criteria for March 2009 were met, and structural reforms are on track. In the near term, the authorities are determined to focus on sustaining macroeconomic stability, increasing domestic resource mobilization, promoting pro-poor growth, and implementing the power-sharing agreement to consolidate the peace process. Their commitment to the PRGF-supported program is unwavering and their end-March 2009 program performance has been impressive.
This paper presents key findings of the First Review for Burundi under the Poverty Reduction and Growth Facility (PRGF). Economic growth in Burundi increased to 4.5 percent in 2008, mainly because of a good coffee harvest and more donor-financed projects. The economic outlook is generally positive but subject to risks arising from the security situation and the external environment. Performance under the PRGF-supported program has been broadly satisfactory. All quantitative and structural performance criteria at end-September 2008 were met, and structural reforms are proceeding.