Burkina Faso : Fourth & Fifth Reviews Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion & Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso.

Format:

Book

Government document

Author/Creator:

International Monetary Fund. African Dept.

Series:

IMF Staff Country Reports; Country Report ; No. 2020/304

IMF Staff Country Reports

Language:

English

Subjects (All):

COVID-19 (Disease).

Physical Description:

1 online resource (97 pages).

Other Title:

Burkina Faso

Place of Publication:

Washington, D.C. : International Monetary Fund, 2020.

Summary:

The security crisis is worsening and is leading to disruption of basic public services and an unprecedented humanitarian crisis. The Covid19 outbreak and the authority’s response to contain its spread further compounded the situation. Presidential and legislative elections are scheduled for November 2020. Outlook and risks. The economic impacts of the global and domestic measures to contain the spread of the COVID19 pandemic have been stronger than expected. Real GDP contracted by 1.4 percent and 8.6 percent (y-o-y) in the first and second quarters of 2020, respectively. The economic outlook remains uncertain, with growth expected to stand around -2.8 percent in 2020 (down from 6 percent forecast prior to the pandemic). Inflation is expected to pick up and reach 4.1 percent by end-2020. The fiscal deficit in 2020 is expected to widen to about 5.3 percent of GDP, to accommodate an effective response to the Covid19 and security shocks. The main risks to the outlook are the uncertainty surrounding the duration of the pandemic and the security crisis.

Contents:

Front Matter

Burkina Faso: Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

Burkina FASO: Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access-Debt Sustainability Analysis

IMF Executive Board Completes the Fourth and Fifth Reviews Under the Extended Credit Facility (ECF) Arrangement and Approves the Disbursement of US51.28 Million for Burkina Faso

Statement by Mr. Aivo Andrianarivelo, Executive Director for Burkina Faso, and Mr. Facinet Sylla, Alternate Executive Director, and Mr. Marcellin Koffi Alle, Senior Advisor to Executive Director.

Notes:

Description based on publisher supplied metadata and other sources.

ISBN:

9781513561547

1513561545