Burkina Faso: 2016 Article IV Consultation, Sixth Review Under the Extended Credit Facility, and Request for Modification of a Performance Criterion, Extension of the Arrangement and Augmentation of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
December 22, 2016
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This 2016 Article IV Consultation highlights a rebound in economic activity in Burkina Faso beginning in 2016, after two years of weak growth. The January terrorist attacks and delays in approving the budget weighed on activity in the early part of 2016, but activity has rebounded, and real GDP growth is now projected at 5.4 percent, an improvement over 4.0 percent in 2015. The recovery is led by two new gold mines that came onstream and a sharp projected rebound in agricultural output in late 2016 and early 2017, after three disappointing years. The recovery is expected to consolidate in 2017, and growth is projected to rise to 6.1 percent as domestic and external conditions remain supportive.
Subject: Budget planning and preparation, Debt sustainability analysis, Expenditure, External debt, Public debt, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending
Keywords: AFRITAC west, Budget planning and preparation, consultation, CR, credit growth, Debt sustainability analysis, Global, government, growth bottleneck, infrastructure investment program, ISCR, Our Burkinabe, program, program implementation, Public investment and public-private partnerships (PPP), Public investment spending, West Africa
Pages:
124
Volume:
2016
DOI:
Issue:
390
Series:
Country Report No. 2016/390
Stock No:
1BFAEA2016002
ISBN:
9781475562576
ISSN:
1934-7685
