Burundi: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility: Staff Report and Press Release

Volume/Issue: Volume 2010 Issue 075
Publication date: March 2010
ISBN: 9781451982251
$18.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
English
French
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , ISCR , CR , year arrangement , Burundi , SDR , ECF-supported program , three-year arrangement , Burundian economy , Propoor spending , prudent fiscal policy , wage bill , International reserves , Women , Debt sustainability , Global

Summary

This paper discusses key findings of the Third Review Under the Extended Credit Facility (ECF) for Burundi. In a difficult post-conflict environment, performance on the ECF-supported program was satisfactory. All quantitative performance criteria for end-September 2009 were met, and structural reforms are on track. The closing of off-budget accounts constitutes a major step toward establishment of a single treasury account. The program for 2010 seeks to consolidate economic stability and support gradual recovery of the economy. IMF staff recommends completion of the Third Review based on Burundi’s performance and the strength of the program.