Burkina Faso: Seventh Review Under the Extended Credit Facility Arrangement and Request for a New Three-Year Extended Credit Facility Arrangement
This paper focuses on Burkina Faso’s Seventh Review Under the Extended Credit Facility (ECF) Arrangement and Request for a new three-year ECF arrangement. Economic activity in Burkina Faso continued to grow at a brisk pace in 2013. Growth projections have been revised slightly downwards to 6.8 percent in 2013 and 2014. The authorities are requesting a successor three-year ECF arrangement to meet projected balance of payments needs. Based on ad referendum agreements, the requested successor ECF-supported program aims to address long-term structural issues, while preserving stability in a potentially more challenging macroeconomic environment going forward.
Year of publication: |
2014-02-10
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Institutions: | International Monetary Fund (IMF) ; International Monetary Fund |
Subject: | Extended Credit Facility | Economic growth | Natural resources | Fiscal policy | Fiscal reforms | Commercial banks | Economic indicators | Extended arrangement requests | Staff Reports | Press releases | Burkina Faso |
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