Burkina Faso: Third Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Press Release on the Executive Board Discussion
Volume/Issue:
Volume 2009
Issue 038
Publication date: February 2009
ISBN: 9781451803990
$18.00
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Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , PRGF arrangement , SDR , amount equivalent to SDR , IMF staff estimate , debt service , oil price mechanism , oil price shock , West public finance management mission , IMF repurchase , excl , IMF , Current spending , Capital spending , Oil prices , Tax administration core functions , West Africa , Global
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Summary
This paper presents Burkina Faso’s third review under the Three-Year Arrangement under the Poverty Reduction and Growth Facility. Favorable weather augurs well for a rebound in agricultural production, but real GDP growth is expected to remain below trend in the near term. A good harvest would contribute to an easing of inflation pressures, supported by lower international oil and food prices. Domestic supply will largely determine developments in 2009. The main risks relate to further deterioration of the external environment, especially indirect effects of the global financial turmoil.
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