Our Burkinabe authorities are thankful to the Executive Board, Management, and staff for the valuable policy advice, as well as for the technical and financial assistance they receive from the Fund. It is worth stressing that despite the period of instability in 2014 and 2015, and the degradation of the security situation following the terrorist attack of January 2016, the transition authorities have been able to maintain a satisfactory macroeconomic performance. The fourth and fifth reviews under the program supported by the Extended Credit Facility (ECF) have shown that all the performance criteria and indicative targets except one were met and that continued progress was made with regards to most structural benchmarks.
The current Government appointed after the presidential and legislative elections of November 2015 is determined to continue implementing sound economic and financial policies in the context of their new national economic and social development plan (PNDS 2016-20). The social expectations in the country are very high and the PNDS is intended to be the basis of the Government’s medium-term economic policies and will prioritize its efforts to fight poverty and create the conditions for inclusive growth. The authorities will seek the support of the international community for their development plans at a roundtable conference they intend to organize later this year.