Burkina Faso: 2007 Article IV Consultation, First Review Under the Poverty Reduction and Growth Facility, Request for Access Augmentation, Requests for Waivers of Nonobservance of Performance Criteria, 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 Burkina Faso
May 28, 2008
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Structural reforms and strong macroeconomic policies of Burkina Faso have promoted economic growth and low inflation over the past decade. Executive Directors welcomed this development, and encouraged the authorities to reduce the fiscal deficit and maintain fiscal and external debt sustainability. They underscored the importance of a sound fiscal policy and a prudent policy framework to improve external competitiveness. They commended tax policy reform and adoption of the new cotton producer price mechanism. In view of this, grant financing is desirable to keep debt sustainable.
Subject: Agricultural prices, Balance of payments, Capital spending, Current account deficits, Current spending, Expenditure, Prices, Revenue administration, Tax administration core functions
Keywords: Agricultural prices, Capital spending, cotton producer price mechanism, CR, Current account deficits, debt sustainability outlook, ISCR, PRGF arrangement, PRGF loan, reform agenda, SDR, Tax administration core functions, West Africa
Pages:
96
Volume:
2008
DOI:
Issue:
168
Series:
Country Report No. 2008/168
Stock No:
1BFAEA2008001
ISBN:
9781451803945
ISSN:
1934-7685
Notes
Full text also available in French.
