Burundi : Sixth Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Department.

Contributor:

International Monetary Fund, Contributor.

Series:

IMF Staff Country Reports; Country Report ; No. 2015/088

IMF Staff Country Reports

Language:

English

Physical Description:

1 online resource (120 p.)

Place of Publication:

Washington, D.C. : International Monetary Fund, 2015.

Language Note:

English

Summary:

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.

Contents:

Cover Page; Title Page; Copyright Page; Contents; Appendix; Tables; Figures; Box; Recent Developments and Program Implementation; 1. Recent Developments, 2008-15; 2. Monetary Developments, 2008-14; 3. Fiscal Developments, 2009-15; 1. Structural Benchmarks: Sixth Review Under the ECF Arrangement; 2. Structural Measures: Seventh and Eighth Reviews Under ECF Arrangement; 3. Selected Economic and Financial Indicators, 2012-18; 4. Central Government Operations, 2012-18; 5. Monetary Survey, 2012-15; 6. Central Bank Accounts, 2012-15; 7. Balance of Payments, 2012-18

8. Banking Systems Soundness Indicators, 2010-14Outlook and Risks; Policy Discussions; A. Fiscal Policy: Expanding Fiscal Space and Mitigating Risks; 1. Fiscal Impact of Lower International Oil Price; B. Safeguarding Debt Sustainability; C. Monetary and Financial Policies: Maintaining Price Stability and Safeguarding Financial Soundness; D. Other Macro-Critical Reforms; E. Strengthening Economic Statistics; Program Issues; 9. Tentative Schedule of ECF Disbursements and Reviews, 2012-16; 10. Indicators of Capacity to Repay the Fund, 2015-26; Staff Appraisal; Letter of Intent

Attachment I. Amendments to the Memorandum of Economic and Financial PoliciesAttachment II. Amendments to the Technical Memorandum of Understanding; Footnotes; Burundi: Sixth Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access; Burundi: Sixth Review Under the Extended Credit Facility Arrangement, and Request for Extension and Augmentation of Access-Debt Sustainability Analysis Update; IMF Executive Board Completes Sixth Review under Burundi's ECF Arrangement, Augments Access and Approves US6.9 Million Disbursement

Notes:

Description based upon print version of record.

Description based on print version record.

ISBN:

9781475555721

1475555725

9781475516760

1475516762