Burundi: Use of Fund Resources—Request for Post-Conflict Emergency Assistance
IMF Staff Country Reports, May 21, 2003
Source details
- Canonical URL
- Burundi: Use of Fund Resources—Request for Post-Conflict Emergency Assistance
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Bibliographic details
- Published: May 21, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802825.002
Executive summary
- This paper examines Burundi’s Use of IMF Resources and a Request for Post-Conflict Emergency Assistance.
- Implementation of the 2002 program was broadly on track, despite constraints resulting from the delays in and earmarking of external aid disbursements.
- Fiscal developments were in line with the objectives set under the revised finance law approved in August.
- All but two of the quantitative indicators were observed, and all structural measures were implemented.
- The IMF staff recommends approval of the authorities’ request for a second drawing under the IMF’s post-conflict emergency assistance policy.
Key findings
- Program implementation: Implementation of the 2002 program broadly on track.
- External aid constraints: Delays in and earmarking of external aid disbursements constrained outcomes.
- Fiscal performance: Fiscal developments aligned with objectives of the revised finance law approved in August.
- Quantitative and structural measures:
- All but two of the quantitative indicators were observed.
- All structural measures were implemented.
- IMF recommendation: Approval recommended for a second drawing under the IMF’s post-conflict emergency assistance policy.
Subjects and keywords (as provided)
- Subject: Arrears, Debt service, Exchange rates, External debt, Foreign exchange
- Keywords: Africa, Arrears, CR, Debt service, East Africa, economic recovery program, Exchange rates, foreign exchange market reform, government, ISCR, meeting priority, program, program implementation, Southern Africa, U.S. dollar