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Burkina Faso : Ex Post Assessment of Longer-Term Program Engagement—An Update

Published: July 24, 2013
Electronic Access: Free Full Text (PDF file size is 946KB)
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Summary: This paper discusses Burkina Faso’s ex-post assessment of longer-term program engagement. Economic growth has fluctuated above regional standards, averaging 5.3 percent between 2007 and 2012. The improvements in the agricultural sector, as a result of authorities’ strong push for reforms, and investments in the sector, mitigated the impact of unfavorable weather conditions. Authorities responded to high commodity price pressure with temporary exemption from custom fees, value-added tax on basic products, sales of food at below market prices, and suspension of the automatic oil price mechanism. Inflation has remained generally low since 2010, despite food shortages caused by the drought in 2011.
 
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Series: Country Report No. 13/228
Subject(s): Ex post assessments | Extended Credit Facility | Conditionality | Fiscal policy | Government expenditures | Social safety nets | Natural resources | Fiscal reforms | Financial sector | Economic indicators | Poverty Reduction and Growth Facility | Longer-term program engagement | Burkina Faso
Notes: Also available in French
 
English  
    Published:   July 24, 2013        
    ISBN/ISSN:   9781484327081/1934-7685   Format:   Paper
    Stock No:   1BFAEA2013002   Pages:   42
    Price:   US$18.00
       
     
Please address any questions about this title to publications@imf.org.