Burundi: 2012 Article IV Consultation and First Review Under the Three-Year Arrangement Under the Extended Credit Facility and Request for Modification of Performance Criteria: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi
August 6, 2012
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This 2012 Article IV Consultation highlights that despite a difficult economic and social context, Burundi has made steady, though uneven, progress in implementing its Extended Credit Facility (ECF)-supported economic reforms. Real GDP growth is estimated to have increased to 4.2 percent in 2011. The medium-term macroeconomic outlook is challenging. Risks emanate from a delicate social situation given persistent shocks and the high cost of living. Executive Directors have emphasized the importance of pursuing public financial management reforms to foster greater transparency and accountability, and to strengthen institutional capacity.
Subject: Banking, Credit, Economic and financial statistics, Expenditure, Monetary statistics, Money, National accounts, Public financial management (PFM), Revenue administration
Keywords: Africa, Asia and Pacific, authorities' monetary policy framework, authority, Burundian authorities, CR, Credit, ECF arrangement, executive board's decision, expenditure measure, Global, headline inflation, inflation expectation, ISCR, Monetary statistics, revenue reform, Sub-Saharan Africa
Pages:
101
Volume:
2012
DOI:
Issue:
226
Series:
Country Report No. 2012/226
Stock No:
1BDIEA2012004
ISBN:
9781475505016
ISSN:
1934-7685
