Burkina Faso Resident Representative Site
Resident Representative Office in Burkina Faso
This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Burkina Faso and the IMF. Additional information can be found on Burkina Faso and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Burkina Faso.
News and Highlights
The International Monetary Fund (IMF) today released the May 2011 Regional Economic Outlook: Sub-Saharan Africa. Ms. Antoinette Monsio Sayeh, Director of the IMF's African Department commented on the report's main findings:
With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region.
Dans un entretien avec le Bulletin du FMI en ligne, Mme Antoinette Sayeh, directrice du Département Afrique, a expliqué que depuis quelques années, l’Afrique a fait preuve d’une plus grande ouverture à l’initiative privée. Comme par ailleurs le climat des affaires est devenu plus attrayant, les investissements étrangers sont restés abondants.
Burkina Faso and The IMF
Press Release: IMF's West African Regional Technical Assistance Center Sees Significant Increase in Activities in Coming Year
February 11, 2013
The IMF is working with Burkina Faso to develop targeted welfare programs aimed at identifying and helping the poorest, but these programs remain a work-in-progress for a country dealing with chronic poverty and an influx of refugees from neighboring Mali.
Burkina Faso: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteriaâ€”Staff Report; Press Release on the Executive Board Discussion
Press Release: IMF Board Completes Fifth Review Under Burkina Faso’s Three-Year Arrangement Under the Extended Credit Facility and Approves US$ 28.4 Million Disbursement
Regional Economic Outlook for Sub-Saharan Africa
Economic conditions in sub-Saharan Africa have remained generally robust despite a sluggish global economy. The near-term outlook for the region remains broadly positive, and growth is projected at 5¼ percent a year in 2012–13. Most low-income countries are projected to continue to grow strongly, supported by domestic demand, including from investment. The outlook is less favorable for many of the middle-income countries, especially South Africa, that are more closely linked to European markets and thus experience a more noticeable drag from the external environment. The main risks to the outlook are an intensification of financial stresses in the euro zone and a sharp fiscal adjustment in the US–the so called fiscal cliff.