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Burkina Faso : sixth review under the three-year arrangement under the Extended Credit Facility, requests for extension of the arrangement, modification of continuous performance criterion, and rephasing of disbursement, staff report, staff supplements, press release on the Executive Board discussion ; and statement by the Executive Director for Burkina Faso. Preview this item
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Burkina Faso : sixth review under the three-year arrangement under the Extended Credit Facility, requests for extension of the arrangement, modification of continuous performance criterion, and rephasing of disbursement, staff report, staff supplements, press release on the Executive Board discussion ; and statement by the Executive Director for Burkina Faso.

Author: International Monetary Fund.
Publisher: Washington, D.C. : International Monetary Fund, ©2013.
Series: IMF country report, no. 13/235.
Edition/Format:   eBook : Document : International government publication : EnglishView all editions and formats
Summary:
This paper discusses Burkina Faso's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility and Requests for Extension of the Arrangement, Modification of Continuous Performance Criterion, and Rephasing of Disbursement. Domestic revenue collection over performed by a significant margin in 2012, and program performance remains good. In 2012, domestic revenues were higher than targeted by 1.7  Read more...
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Genre/Form: Electronic books
Material Type: Document, Government publication, International government publication, Internet resource
Document Type: Internet Resource, Computer File
All Authors / Contributors: International Monetary Fund.
ISBN: 1484385446 9781484385449
ISSN:2227-8907
OCLC Number: 854591875
Notes: Title from PDF title page (IMF Web site, viewed July 29, 2013.).
"July 2013."
"June 14, 2013"--Page 2 of pdf.
Description: 1 online resource (78 pages) : color illustrations.
Contents: Cover; CONTENTS; RECENT DEVELOPMENTS AND GROWTH OUTLOOK: REBOUND DESPITE NEIGHBORING CONFLICT; FIGURES; 1. Recent Economic Developments; 2. Real and External Developments, 2005-2012; 3. Fiscal Developments, 2007-2012; PROGRAM PERFORMANCE: ON TRACK; POLICY DISCUSSIONS-CONTEXT: TRANSFORMING HIGH GROWTH INTO INCLUSIVE GROWTH; BOXES; 1. Stakeholders' Conference; FISCAL POLICY IN 2013: STRENGTHENING SPENDING CAPACITY WHILE SAFEGUARDING FISCAL SPACE ___________________________________________________________________________________ 11; 2. SONABEL; 3. SOFITEX; 4. Investment Planning and Execution. MEDIUM TERM: FISCAL SPACE FOR INVESTMENTPROGRAM MODALITIES: TRANSITION TO A POSSIBLE SUCCESSOR PROGRAM; PROGRAM RISKS; STAFF APPRAISAL; TABLES; 1. Selected Economic and Financial Indicators, 2011-15; 2a. Consolidated Operations of the Central Government, 2011-15; 2b. Consolidated Operations of the Central Government, 2011-15; 3. Monetary Survey, 2011-15; 4. Balance of Payments, 2011-15; 5. Quantitative Performance Criteria and Indicative Targets, March 2012-March 2013; 6. Structural Benchmarks, July 2012-March 2013; 7. Schedule of Disbursements Under the ECF Arrangement, 2010-13; APPENDIX. I. Letter of IntentI. Memorandum on Economic and Financial Policies, 2013; II. Technical Memorandum of Understanding; SIXTH REVIEW UNDER THE THREE-YEAR ARRANGEMENT UNDER THE EXTENDED CREDIT FACILITY, REQUESTS FOR EXTENSION OF THE ARRANGEMENT, MODIFICATION OF CONTINUOUS PERFORMANCE CRITERION, AND REPHASING OF DISBURSEMENT-DEBT SUSTAINABILITY ANALYSIS; BACKGROUND AND UNDERLYING DSA ASSUMPTIONS; Tables; Table 1. Stock of Public Debt 2009-12; Table 2. Changes in Assumptions for the April 2013 DSA vs the April 2012 DSA; Boxes; Box 1. Burkina Faso: Macroeconomic Assumptions Underlying the DSA. EXTERNAL DEBT DSA RESULTSBox 2. Non-concessional Borrowing; Figures; Figure 1a. Customized Stress Test; TOTAL PUBLIC DEBT DSA RESULTS; Figure 1b. Alternative scenario and Stress Test; CONCLUSION; AUTHORITIES' VIEWS; Figure 2. Burkina Faso: Indicators of Public and Publicly Guaranteed External Debt Under Alternatives Scenarios, 2013-2033; Figure 3. Burkina Faso: Indicators of Public Debt Under Alternative Scenarios, 2013-2033; Table 1. Burkina Faso: External Debt Sustainability Framework, Baseline Scenario, 2010-2033. Table 2. Burkina Faso: Total Public Sector Debt Sustainability Framework, Baseline Scenario, 2010-2033Table 3. Burkina Faso: Sensitivity Analysis for Key Indicators of Public and Publicly; Table 4.Burkina Faso: Sensitivity Analysis for Key Indicators of Public Debt 2013-2033; CONTENTS; RELATIONS WITH THE FUND; STATISTICAL ISSUES.
Series Title: IMF country report, no. 13/235.

Abstract:

This paper discusses Burkina Faso's Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility and Requests for Extension of the Arrangement, Modification of Continuous Performance Criterion, and Rephasing of Disbursement. Domestic revenue collection over performed by a significant margin in 2012, and program performance remains good. In 2012, domestic revenues were higher than targeted by 1.7 percentage points of revised GDP. Lower financing needs resulted in government savings in the banking system. The authorities are prioritizing improvements in public investment planning, spending capacity to meet infrastructure, and training needs that constrain growth.

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