Burkina Faso: 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
IMF Staff Country Reports, January 22, 2019
Source details
- Canonical URL
- Burkina Faso: 2018 Article IV Consultation; First Review Under the Extended Credit Facility Arrangement; Request for Waiver for Nonobservance of a Performance Criterion, and Modification of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso
Other formats
Bibliographic details
- Published: January 22, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484394236.002
Summary and macroeconomic assessment
- Burkina Faso faces large social and physical infrastructure gaps.
- The security situation is deteriorating.
- There is unease among the rapidly-expanding population about economic prospects.
- Growth has been robust, averaging more than 6 percent over the past two years.
- Activity has been supported by expansionary fiscal policy, including from a boost to capital spending in 2017.
- Revenue has not increased as expected.
- The wage bill has been rising.
Subject areas and keywords
- Subject: External debt, Government debt management, Labor, Public debt, Public financial management (PFM), Revenue administration, Wages
- Keywords: anti-corruption authority, authority, Burkina Faso's program, center, CR, executive board discussion, Global, Government debt management, IMF's Extended Credit Facility, ISCR, public-sector compensation reform, security spending, Sub-Saharan Africa, wage bill, Wages, West Africa
Content in this bundle
- Country Report