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Burundi: Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2007: Issue 113
Language:
English
Publication Date:
21 Mar 2007
DOI:
https://doi.org/10.5089/9781451802948.002
ISBN:
9781451802948
ISSN:
1934-7685
Pages:
73
Keywords:
ISCR; CR; PRGF loan; government; fiscal policy; authority; Burundian authorities; disbursement of SDR; PRGF-supported program; reform agenda; Poverty reduction strategy; International reserves; Poverty reduction; Africa; East Africa; Global; Southern Africa
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This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement for Burundi. Macroeconomic performance under the PRGF-supported program in 2006 was broadly in line with the program. All end-June and end-September 2006 quantitative performance targets were met with the exception of a temporary accumulation of external arrears. Structural reforms lagged in mid-2006. The structural performance criterion at end-September and the structural benchmarks were missed. The measures covered by the performance criterion and three of the benchmarks were implemented by early 2007.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund