Burundi: Staff Report for the 2003 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF)
IMF Staff Country Reports, February 20, 2004
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- Burundi: Staff Report for the 2003 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF)
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Bibliographic details
- Published: February 20, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802870.002
Executive summary and macroeconomic assessment
- Burundi has made much progress since the signing of the Arusha peace and reconciliation agreement.
- The handling of the economy has been highly competent considering the inordinate difficulties faced by Burundi in recent years.
- The bank of the Republic of Burundi has made progress in the implementation of monetary policies and in the conduct of bank supervision.
- Progress in implementing structural reforms has been satisfactory overall.
- Burundi continues to face unsustainably heavy debt-service obligations.
- The government is gradually rebuilding its administrative capacity.
Subject areas and keywords (as listed)
- Subject: Agricultural commodities, Commodities, Exchange rates, External debt, Foreign exchange, Poverty, Poverty reduction, Poverty reduction strategy
- Keywords: Africa, Agricultural commodities, Burundi government, Burundian authorities, CR, donor representative, East Africa, Exchange rates, government, ISCR, Poverty reduction, Poverty reduction strategy, PRGF arrangement, Southern Africa, staff appraisal
Key policy implications and reform priorities (implicit in staff findings)
- Continue strengthening monetary policy implementation and bank supervision carried out by the bank of the Republic of Burundi.
- Sustain structural reform implementation to consolidate progress achieved to date.
- Address unsustainably heavy debt-service obligations to restore external debt sustainability.
- Continue rebuilding administrative capacity to improve public financial management and program implementation.
Source: IMF Staff Country Report — Burundi: Staff Report for the 2003 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility (PRGF), February 20, 2004.