## Burundi: Request for Modification of Nonconcessional External Debt Limit Under the Extended Credit Facility

_IMF Staff Country Reports, November 3, 2011_

## Source details

**Canonical URL:** [Burundi: Request for Modification of Nonconcessional External Debt Limit Under the Extended Credit Facility](https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-request-for-modification-of-nonconcessional-external-debt-limit-under-the-extended-25327)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/burundi-request-for-modification-of-nonconcessional-external-debt-limit-under-the-extended-25327/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/burundi-request-for-modification-of-nonconcessional-external-debt-limit-under-the-extended-25327/index.json)
- [Bundle manifest](/en/publications/cr/issues/2016/12/31/burundi-request-for-modification-of-nonconcessional-external-debt-limit-under-the-extended-25327/bundle-manifest.json)

## Bibliographic details
- Published: November 3, 2011
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781463923884.002

---

### Request summary
- The Burundian government requested a modification of the zero limit on nonconcessional external debt in the country’s arrangement under the Extended Credit Facility (ECF).
- The request seeks to increase the grant element of the financing for the hydroelectric plant.

### Executive Directors' view and rationale
- Executive Directors support the request.
- Rationale: The benefits of the hydroelectric plant outweigh the additional risk arising from the proposed line of credit.
- Expected outcome: Help Burundi increase its electricity generation capacity significantly.
- Identified constraint: Electricity generation capacity has been identified by both donors and businesses as the major constraint to growth.

### Policy implications and subjects covered
- Subjects: External debt; Financial institutions; Fiscal policy; Fiscal stance; Lines of credit; Public and publicly-guaranteed external debt; Public debt.
- Keywords: CR, creating flow, current account, debt ratio, debt service-to-revenue, debt stock, exchange rate, Fiscal stance, grant element, ISCR, Lines of credit, PPG debt, Public and publicly-guaranteed external debt, service-to-revenue ratio, sustainability framework.

---

## Content in this bundle

- **_cr11315**
  - [_cr11315 (Markdown version)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11315.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr11315 (PDF)](/-/media/websites/imf/imported-full-text-pdf/external/pubs/ft/scr/2011/_cr11315.pdf){rel="external" type="application/pdf"}
- **_cr11315f**
  - [_cr11315f (Markdown version)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2011/_cr11315f.pdf.md){rel="alternate" type="text/markdown"}
  - [_cr11315f (PDF)](/-/media/websites/imf/imported-publications/external/french/pubs/ft/scr/2011/_cr11315f.pdf){rel="external" type="application/pdf"}

---

_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-request-for-modification-of-nonconcessional-external-debt-limit-under-the-extended-25327_