Burkina Faso: Sixth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of Performance Criteria and Augmentation of Access
October 19, 2006
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Performance under the Poverty Reduction and Growth Facility-supported program has been good. All quantitative performance criteria have been met. The economy has coped well with unfavorable external price developments. A substantial reform of the mechanism for determining cotton producer prices is under way. The proposed new producer price mechanism for cotton is an improvement over the previous system. The maintenance of the fuel pricing mechanism, which ensures full pass-through of changes in world oil prices, and steps to privatize the state-owned telecommunication company are major accomplishments.
Subject: Agricultural prices, Current spending, Expenditure, Oil prices, Prices, Public debt
Keywords: Agricultural prices, CR, Current spending, government, ISCR, Oil prices, PRGF arrangement, PRGF loan, priority expenditure, Sub-Saharan Africa, terms-of-trade shock, West Africa, world oil price
Pages:
103
Volume:
2006
DOI:
Issue:
359
Series:
Country Report No. 2006/359
Stock No:
1BFAEA2006004
ISBN:
9781451803907
ISSN:
1934-7685
