Burundi : Second Review Under the Extended Credit Facility—Staff Report; Staff Supplement; Press Release on the Executive Board Discussion.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund.

Series:

IMF Staff Country Reports; Country Report ; No. 2013/064

IMF Staff Country Reports

Language:

English

Subjects (All):

Monetary policy--Burundi.

Monetary policy.

Burundi--Economic conditions.

Burundi.

Physical Description:

1 online resource (80 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2013.

Language Note:

English

Summary:

The Burundian economy faced several adverse shocks. The government responded by allowing greater exchange rate flexibility and by tightening its monetary policy. The fiscal stance was in line with the program, and program implementation has been broadly satisfactory despite difficult circumstances. Sustaining revenue mobilization remains a top priority. Public financial management needs to be bolstered significantly and the country remains at high risk of debt distress, underscoring the importance of reinforcing debt management. Monetary policy should remain tight until inflation falls.

Contents:

Cover; CONTENTS; RECENT DEVELOPMENTS AND PROGRAM IMPLEMENTATION; FIGURES; 1. Recent Developments, 2005-2012; 2. Monetary Developments, 2008-2012; OUTLOOK AND RISKS; POLICY DISCUSSIONS; A. Sustaining Revenue Mobilization in a Difficult Environment; B. Bolstering Public Financial Management (PFM) Reforms; C. Safeguarding Debt Sustainability; D. Reining in Inflation and Strengthening Liquidity Management; E. Ensuring Soundness of the Financial Sector; BOXES; 1. Inflation From Global to Local Shocks; F. Other Macro-Critical Reforms; PROGRAM ISSUES; STAFF APPRAISAL; TABLES

1. Selected Economic and Financial Indicators, 2010-162a. Central Government Operations, 2010-16; 2b. Central Government Operations, 2010-16; 3. Monetary Survey, 2010-13; 4. Central Bank Accounts, 2011-13; 5. Balance of Payments, 2010-16; 6. Indicators of Capacity to Repay the Fund, 2013-25; 7. Tentative Schedule of ECF Disbursements and Reviews, 2012-15; 8. Banking Systems Soundness Indicators, 2009-2012; APPENDIX; Letter of Intent; APPENDIX: ATTACHMENTS; I. Amendments to the Memorandum of Economic and Financial Policies; II. Amendments to the Technical Memorandum of Understanding; CONTENTS

RELATIONS WITH THE FUNDJOINT WORLD BANK-IMF WORK PROGRAM, 2011-13; RELATIONS WITH THE AFRICAN DEVELOPMENT BANK GROUP; STATISTICAL ISSUES

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475562453

1475562454

9781475578119

1475578113

9781299461765

129946176X

9781475576702

1475576706