Burundi; Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi
This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement for Burundi. Macroeconomic performance under the PRGF-supported program in 2006 was broadly in line with the program. All end-June and end-September 2006 quantitative performance targets were met with the exception of a temporary accumulation of external arrears. Structural reforms lagged in mid-2006. The structural performance criterion at end-September and the structural benchmarks were missed. The measures covered by the performance criterion and three of the benchmarks were implemented by early 2007.
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