EXECUTIVE SUMMARY Economic activity continued to grow at a brisk pace in 2013. Growth projections have been revised slightly downwards to 6.8 percent in 2013 and 2014, based on lower gold and cotton prices that are leading to somewhat lower output, and the impact of the high base of agricultural...

This paper discusses Burkina Faso's Third Review Under the Extended Credit Facility (ECF) Arrangement. Policies and reform implementation under the ECF-supported program have been satisfactory. All end-June 2019 quantitative performance criteria and indicative targets were met as well as all,...

Burkina Faso faces large balance of payments (BoP) and security needs aggravated by acute food insecurity and political instability. In March 2023, the authorities obtained Fund emergency financing under the Food Shock Window (FSW) of the Rapid Credit Facility to address the ongoing food...

EXECUTIVE SUMMARY Growth remains robust, despite slight downward revisions. Growth estimates for 2013 and projections for 2014 were revised to 6.6 and 6.8 percent, respectively, reflecting weather and weaker terms of trade. Inflation is around zero, partly due to subsidized food prices. The...

Burkina Faso continues to face significant challenges related to security and food insecurity and remains committed to addressing them. The authorities have formed the Alliance of Sahel States (AES) with Mali and Niger; while they decided to leave ECOWAS in January, they have since reaffirmed...

KEY ISSUES Context and outlook. Mozambique’s macroeconomic outlook remains favorable and the PSI-supported program is broadly on track. All assessment criteria were met and most indicative targets, but there was some slippage on structural reforms. Economic growth is robust and inflation...

KEY ISSUES Context. Economic growth and macroeconomic stability improved in 2013. A robust rise in tourism earnings supported growth, as well as a reduction in the current account deficit as a share of GDP. The exchange rate has strengthened slightly, at the same time as the central bank...

Context: Mali is emerging from the worst security and political crisis in its recent history. Progress in political normalization to date has been encouraging: a successful presidential election, formation of the new government and the legislative elections have demonstrated Mali’s commitment...

EXECUTIVE SUMMARY Context. The coalition government that came into office on December 12, 2012, remains fully committed to the pursuit of sound policies that are helping to consolidate macroeconomic stability, despite a challenging external environment and more uncertain oil prospects. Program...

EXECUTIVE SUMMARY Comoros is in the last year of a multi-year economic and structural adjustment program and has made significant progress in stabilizing the economy. Further progress has also been made on the structural front. The program has and continues to receive the support of a broad...