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Burkina Faso: Staff Report for the 2003 Article IV Consultation and Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2003: Issue 197
Language:
English
Publication Date:
30 Jun 2003
DOI:
https://doi.org/10.5089/9781451803693.002
ISBN:
9781451803693
ISSN:
1934-7685
Pages:
108
Keywords:
ISCR; CR; spending; PRGF loan; PRSP policy agenda; PRGF-supported program; agenda; government; HIPC Initiative; CFA franc; Poverty reduction strategy; Poverty reduction; Agricultural commodities; West Africa
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This paper assesses Burkina Faso’s 2003 Article IV Consultation and a Request for a New Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF). Burkina Faso’s performance under PRGF-supported programs during 1993–2002 and in implementing the policy agenda laid out in the Poverty Reduction Strategy Paper adopted in 2000 was satisfactory. Real GDP recovered strongly, and inflation remained low. The economic, financial, and social situation remains fragile and difficult. The IMF staff has supported the government structural reform strategy aimed at promoting good governance, economic diversification, competitiveness, and private sector development.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2003: Issue 197