{
  "title": "Burundi: Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria—Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi",
  "publication": "IMF Staff Country Reports, September 18, 2013",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-third-review-under-the-extended-credit-facility-arrangement-and-request-for-40944",
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  "summary": "This paper analyzes Burundi’s Third Review Under the Extended Credit Facility Arrangement and Request for Modification of Performance Criteria.",
  "sections": [
    {
      "heading": "Executive summary",
      "content": "- The paper analyzes Burundi’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria.\n- Policy discussions focus on measures to strengthen fiscal performance reflected in a revised 2013 budget and on bolstering public financial and debt management.\n- The macroeconomic outlook is described as difficult, compounded by downside risks related to uncertainties in the external economic environment.\n- Preserving debt sustainability continues to anchor medium-term fiscal policy."
    },
    {
      "heading": "Macroeconomic outlook and risks",
      "content": "- Macroeconomic outlook: difficult.\n- Downside risks: related to uncertainties in the external economic environment."
    },
    {
      "heading": "Fiscal policy, public financial management, and debt",
      "content": "- Program focus:\n  - Strengthen fiscal performance (reflected in revised 2013 budget).\n  - Bolster public financial management (PFM).\n  - Bolster debt management policy to preserve debt sustainability.\n- Policy anchor: need to preserve debt sustainability for medium-term fiscal policy."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration.\n- Keywords include: Africa, authorities' strategy, authority, Burundian authorities, CR, debt management policy, East Africa, ECF arrangement, Global, IMF's executive board, inflation expectation, ISCR, Public and publicly-guaranteed external debt, Southern Africa.\n\n---\n\n Content in this bundle\n\n- cr13288 - IMF staff report\n  - cr13288 - IMF staff report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13288 - IMF staff report (PDF){rel=\"external\" type=\"application/pdf\"}\n- cr13288f\n  - cr13288f (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr13288f (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: September 18, 2013",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781616354947.002",
    "The paper analyzes Burundi’s Third Review Under the Extended Credit Facility (ECF) Arrangement and Request for Modification of Performance Criteria.",
    "Policy discussions focus on measures to strengthen fiscal performance reflected in a revised 2013 budget and on bolstering public financial and debt management.",
    "The macroeconomic outlook is described as difficult, compounded by downside risks related to uncertainties in the external economic environment.",
    "Preserving debt sustainability continues to anchor medium-term fiscal policy.",
    "Macroeconomic outlook: difficult.",
    "Downside risks: related to uncertainties in the external economic environment.",
    "Program focus:",
    "Policy anchor: need to preserve debt sustainability for medium-term fiscal policy.",
    "Subjects: External debt, Public and publicly-guaranteed external debt, Public debt, Public financial management (PFM), Revenue administration.",
    "Keywords include: Africa, authorities' strategy, authority, Burundian authorities, CR, debt management policy, East Africa, ECF arrangement, Global, IMF's executive board, inflation expectation, ISCR, Public and publicly-guaranteed external debt, Southern Africa.",
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