Burundi: Sixth Review Under the Three-Year Arrangement Under the Extended Credit Facility and Requests for Extension of the Arrangement and Augmentation of Access: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi.
July 25, 2011
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The Burundian economy is recovering but at a slower pace than previously expected, while inflation is expected to rise considerably. The macroeconomic outlook has been adversely affected by the surge in global food and fuel prices. Policies focused on the appropriate policy response to the food and fuel price shock, with a view to consolidating economic stability and further reducing poverty are required. Executive Directors urge the government to anchor medium-term fiscal policy to debt sustainability. Sustained growth depends on accelerating structural reforms.
Subject: Banking, Commodity price shocks, Economic and financial statistics, External sector statistics, Fiscal policy, Fuel prices, Monetary statistics, Prices, Public financial management (PFM)
Keywords: anchor inflation expectation, Burundi authorities, Commodity price shocks, CR, ECF arrangement, External sector statistics, Global, government, ISCR, monetary policy, Monetary statistics, price pressure, summary government finance transactions data
Pages:
69
Volume:
2011
DOI:
Issue:
199
Series:
Country Report No. 2011/199
Stock No:
1BDIEA2011003
ISBN:
9781462344598
ISSN:
1934-7685
