Burkina Faso: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion
February 3, 2009
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This paper presents Burkina Faso’s third review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. Favorable weather augurs well for a rebound in agricultural production, but real GDP growth is expected to remain below trend in the near term. A good harvest would contribute to an easing of inflation pressures, supported by lower international oil and food prices. Domestic supply will largely determine developments in 2009. The main risks relate to further deterioration of the external environment, especially indirect effects of the global financial turmoil.
Subject: Capital spending, Current spending, Expenditure, Oil prices, Prices, Revenue administration, Tax administration core functions
Keywords: amount equivalent to SDR, Capital spending, CR, Current spending, debt service, excl. IMF, Global, IMF repurchase, IMF staff estimate, ISCR, oil price mechanism, oil price shock, Oil prices, PRGF arrangement, SDR, Tax administration core functions, West Africa, West public finance management mission
Pages:
83
Volume:
2009
DOI:
Issue:
038
Series:
Country Report No. 2009/038
Stock No:
1BFAEA2009001
ISBN:
9781451803990
ISSN:
1934-7685
