## 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

_IMF Staff Country Reports, September 18, 2013_

## Source details

**Canonical URL:** [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](https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-third-review-under-the-extended-credit-facility-arrangement-and-request-for-40944)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/burundi-third-review-under-the-extended-credit-facility-arrangement-and-request-for-40944/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/burundi-third-review-under-the-extended-credit-facility-arrangement-and-request-for-40944/index.json)
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## Bibliographic details
- Published: September 18, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781616354947.002

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### Executive summary
- 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 and risks
- Macroeconomic outlook: difficult.
- Downside risks: related to uncertainties in the external economic environment.

### Fiscal policy, public financial management, and debt
- Program focus:
  - Strengthen fiscal performance (reflected in revised 2013 budget).
  - Bolster public financial management (PFM).
  - Bolster debt management policy to preserve debt sustainability.
- Policy anchor: need to preserve debt sustainability for medium-term fiscal policy.

### Subject coverage and keywords
- 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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## Content in this bundle

- **_cr13288 - IMF staff report**
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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/burundi-third-review-under-the-extended-credit-facility-arrangement-and-request-for-40944_