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Burundi: Sixth Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 088
Language:
English
Publication Date:
01 Apr 2015
DOI:
https://doi.org/10.5089/9781484311936.002
ISBN:
9781484311936
ISSN:
1934-7685
Pages:
76
Keywords:
ISCR; CR; real GDP; ECF arrangement; low-inflation environment; IMF Executive Board; Burundian authorities; prudent fiscal policy; revenue slippage; Budget execution and treasury management; Africa; Global
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This paper discusses Burundi’s Sixth Review Under the Extended Credit Facility (ECF) arrangement and Request for Extension and Augmentation of Access. The macroeconomic outlook is broadly favorable, driven by continued public investment and a gradual recovery in agriculture; however, external vulnerabilities persist owing to a protracted decline in coffee exports and high volatility of coffee prices. The IMF staff supports the completion of the sixth review under the ECF and the authorities’ requests for an augmentation of access and extension of the current ECF arrangement through March 2016, which will be instrumental to catalyze donor support needed to address Burundi’s protracted balance-of-payments problem.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund