{
  "title": "Burundi: Fourth Review Under the Extended Credit Facility Arrangement",
  "publication": "IMF Staff Country Reports, March 19, 2014",
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  "summary": "Burundi’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement is discussed. The measures undertaken to enhance fiscal outlook by the 2015 elections are reviewed. Satisfactory progress has been made on structural reforms.",
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    {
      "heading": "Summary",
      "content": "- The publication discusses Burundi’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement.\n- Measures undertaken to enhance the fiscal outlook by the 2015 elections are reviewed.\n- Satisfactory progress has been made on structural reforms.\n- Policy discussions focused on reinvigorating program implementation after difficulties in completing the third review under the ECF arrangement.\n- IMF staff recommends:\n  - Completion of the fourth review under the ECF arrangement.\n  - Setting of new performance and indicative criteria for September 2014.\n  - Disbursement of SDR 5 million.\n- Publication date: March 19, 2014."
    },
    {
      "heading": "Key findings and analysis",
      "content": "- Fiscal policy:\n  - Measures to enhance the fiscal outlook were reviewed with the aim of achieving improvements by the 2015 elections.\n- Structural reforms:\n  - Progress on structural reforms is characterized as satisfactory.\n- Program implementation:\n  - Policy discussions emphasized reinvigorating program implementation following the difficulties in completing the third ECF review.\n- Debt and sustainability topics addressed (as listed under subject):\n  - Debt sustainability, Debt sustainability analysis, External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM)."
    },
    {
      "heading": "Policy recommendations and actions",
      "content": "- IMF staff recommends the following specific actions:\n  - Complete the fourth review under the ECF arrangement.\n  - Set new performance and indicative criteria for September 2014.\n  - Disburse SDR 5 million.\n\n---\n\n Content in this bundle\n\n- 1. Recent Developments, 2008–14\n  - 1. Recent Developments, 2008–14 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1. Recent Developments, 2008–14 (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr1483f\n  - cr1483f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr1483f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: March 19, 2014",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484341582.002",
    "The publication discusses Burundi’s Fourth Review Under the Extended Credit Facility (ECF) Arrangement.",
    "Measures undertaken to enhance the fiscal outlook by the 2015 elections are reviewed.",
    "Satisfactory progress has been made on structural reforms.",
    "Policy discussions focused on reinvigorating program implementation after difficulties in completing the third review under the ECF arrangement.",
    "IMF staff recommends:",
    "Publication date: March 19, 2014.",
    "Fiscal policy:",
    "Structural reforms:",
    "Program implementation:",
    "Debt and sustainability topics addressed (as listed under subject):",
    "IMF staff recommends the following specific actions:",
    "**1. Recent Developments, 2008–14**",
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