## Burkina Faso: Ex Post Assessment of Longer-Term Program Engagement—An Update

_IMF Staff Country Reports, July 24, 2013_

## Source details

**Canonical URL:** [Burkina Faso: Ex Post Assessment of Longer-Term Program Engagement—An Update](https://www.imf.org/en/publications/cr/issues/2016/12/31/burkina-faso-ex-post-assessment-of-longer-term-program-engagement-an-update-40816)

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## Bibliographic details
- Published: July 24, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484327081.002

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### Summary
- Discusses Burkina Faso’s ex-post assessment of longer-term program engagement.
- Economic growth averaged 5.3 percent between 2007 and 2012 and fluctuated above regional standards.
- Improvements in the agricultural sector, driven by authorities’ strong push for reforms and investments, mitigated the impact of unfavorable weather conditions.
- Authorities responded to high commodity price pressure with temporary exemption from custom fees, value-added tax on basic products, sales of food at below market prices, and suspension of the automatic oil price mechanism.
- Inflation has remained generally low since 2010, despite food shortages caused by the drought in 2011.

### Key statistics and indicators
- Economic growth: 5.3 percent (average, 2007–2012)
- Timeframe references: 2010, 2011, 2007–2012

### Policy responses and reforms
- Agricultural sector:
  - Authorities implemented strong reform measures and investments that improved sector resilience to unfavorable weather.
- Commodity price and food security measures:
  - Temporary exemption from custom fees.
  - Temporary exemption from value-added tax on basic products.
  - Sales of food at below market prices.
  - Suspension of the automatic oil price mechanism.
- Inflation and shocks:
  - Inflation remained generally low since 2010 despite 2011 drought-induced food shortages.

### Subject coverage and keywords
- Subjects: Expenditure, Fiscal policy, Poverty, Poverty reduction, Public financial management (PFM), Revenue administration
- Keywords: broad money, Burkinabé authorities, capital expenditure, CR, debt management, debt relief, economic growth, fiscal policy, Global, government approval, ISCR, natural resources, Poverty reduction, private sector, Sub-Saharan Africa, West Africa

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/burkina-faso-ex-post-assessment-of-longer-term-program-engagement-an-update-40816_