## Burundi: 2006 Article IV Consultation, Third and Fourth Reviews Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Performance Criteria, Modification of a Performance Criterion, Extension of the Arrangement, and Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries—Staff Report; Staff Statement; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi

_IMF Staff Country Reports, August 21, 2006_

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## Bibliographic details
- Published: August 21, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451802917.002

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### Summary findings
- Burundi is emerging from more than a decade of civil conflict that started with the 1993 coup d’état against its first elected government.
- Macroeconomic developments in 2005 were broadly in line with the Poverty Reduction and Growth Facility (PRGF) program.
- Growth in 2005 was lower at about 1 percent, largely because of a poor coffee harvest and worsening drought in the north.
- The 2006 budget, adopted in late 2005, envisaged:
  - revenues of 18.9 percent of GDP
  - spending of 40.8 percent of GDP

### Macroeconomic context and constraints highlighted
- Output performance:
  - Growth of about 1 percent in 2005.
  - Adverse agricultural shocks (poor coffee harvest) and climatic conditions (worsening drought in the north) were cited as primary drivers of weak growth.
- Program alignment:
  - 2005 macroeconomic developments were reported as broadly consistent with the PRGF program framework.

### Fiscal framework (2006 budget)
- Key budgetary projections adopted in late 2005:
  - Revenues: 18.9 percent of GDP
  - Spending: 40.8 percent of GDP

### Subject focus and keywords
- Subject: Arrears, Asset and liability management, Debt relief, Debt service, External debt, Imports, International reserves, International trade
- Keywords: Africa, Arrears, article IV consultation discussion, assistance, coffee marketing, CR, Debt relief, Debt service, East Africa, Europe, expenditure-tracking mechanism, government, Imports, ISCR, managed floating exchange rate regime, parliament, PRGF arrangement, regime, staff appraisal

*IMF Staff Country Report No. 2006/311; August 21, 2006.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-2006-article-iv-consultation-third-and-fourth-reviews-under-the-three-year-19832_