Burundi: Fifth Review Under the Arrangement Under the Poverty Reduction and Growth Facility and Request for Waiver of a Performance Criterion

Author: International Monetary Fund

Volume/Issue: Volume 2007 Issue 113

Publication date: March 2007

ISBN: 9781451802948

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Topics covered in this book

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Banks and Banking , Exports and Imports , Money and Monetary Policy , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , PRGF loan , government , fiscal policy , authority , Burundian authorities , disbursement of SDR , PRGF-supported program , reform agenda , Poverty reduction strategy , International reserves , Poverty reduction , Africa , East Africa , Global , Southern Africa

Also of interest

Republic of Congo : 2001 Article IV

Spain

Peru

Malawi

Summary

This paper discusses key findings of the Fifth Review Under the Poverty Reduction and Growth Facility (PRGF) Arrangement for Burundi. Macroeconomic performance under the PRGF-supported program in 2006 was broadly in line with the program. All end-June and end-September 2006 quantitative performance targets were met with the exception of a temporary accumulation of external arrears. Structural reforms lagged in mid-2006. The structural performance criterion at end-September and the structural benchmarks were missed. The measures covered by the performance criterion and three of the benchmarks were implemented by early 2007.