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Record Nr. |
UNINA9910458665703321 |
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Titolo |
Burkina Faso : staff report for 2014 article 4 consultation, first review under the three-year arrangement under the extended credit facility, and request for waiver and modification of performance criteria-staff report; press release; and statement by the executive director for Burkina Faso |
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Pubbl/distr/stampa |
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Washington, District of Columbia : , : International Monetary Fund, , 2014 |
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©2014 |
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ISBN |
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1-4983-5482-3 |
1-4983-6143-9 |
1-4843-5555-5 |
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Descrizione fisica |
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1 online resource (104 p.) |
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Collana |
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IMF Country Report ; ; 14/215 |
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Disciplina |
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Soggetti |
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International economic relations |
Electronic books. |
Burkina Faso Economic conditions |
Burkina Faso Economic policy |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Note generali |
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Description based upon print version of record. |
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Nota di contenuto |
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""Cover""; ""CONTENTS""; ""LIST OF ACRONYMS""; ""RECENT DEVELOPMENTS AND PROGRAM PERFORMANCE""; ""A. Recent Developments""; ""B. Program Performance""; ""BACKGROUND FOR ARTICLE IV DISCUSSIONS""; ""POLICY DISCUSSIONS""; ""A. Near Term Fiscal Policy""; ""B. Containing Fiscal Liabilities from Public Enterprises""; ""C. Harnessing Natural Resource Revenues to Finance Development""; ""D. Supporting Inclusive Growth""; ""OUTLOOK AND PROGRAM RISKS""; ""A. Medium-Term Projections and Fiscal Policy""; ""B. An Alternative Low Growth Scenario""; ""C. Program Risks""; ""PROGRAM MODALITIES"" |
""STAFF APPRAISAL""""BOXES""; ""1. Status of Policy Recommendations from the 2011 Article IV Consultation""; ""2. Strategy for Accelerated Growth and Durable Development""; ""3. Implicit Subsidies to the Energy Sector, A Stock Taking of Actual Costs in 2013""; ""4. Electricity |
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Supply: a Long Way to Close the Gap""; ""FIGURES""; ""1. Recent Economic Developments""; ""2. Real and External Developments, 2006�013""; ""3. Fiscal Developments, 2008�13""; ""TABLES""; ""1. Selected Economic and Financial Indicators, 2012�16"" |
""2a. Consolidated Operations of the Central Government, 2012�16 (CFAF Billions)""""2b. Consolidated Operations of the Central Government, 2012�16 (Percent of GDP)""; ""3. Monetary Survey, 2012�16""; ""4. Balance of Payments, 2012�16""; ""5. Quantitative Performance Criteria and Indicative Targets December 2013�March 2015""; ""6. Structural Benchmarks for the 1[sup(st)] ECF Review""; ""7. Schedule of Disbursements Under Current ECF Arrangements 2014�16""; ""8. Risk Assessment Matrix""; ""9. Indicators of Capacity to Repay the Fund, 2013�25""; ""APPENDIX"" |
""I. Letter of Intent""""Attachment I. Memorandum of Economic and Financial Policies 2014�16""; ""Attachment II. Technical Memorandum of Understanding""; ""ANNEX""; ""I. External Stability Assessment""; ""CONTENTS""; ""RELATIONS WITH THE FUND""; ""JOINT MANAGEMENT ACTION PLAN IMPLEMENTATION""; ""STATISTICAL ISSUES"" |
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Sommario/riassunto |
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EXECUTIVE SUMMARYGrowth remains robust, despite slight downward revisions. Growth estimates for 2013 and projections for 2014 were revised to 6.6 and 6.8 percent, respectively, reflecting weather and weaker terms of trade. Inflation is around zero, partly due to subsidized food prices. The revised 2013 current account deficit rose to 7 percent of GDP, with a drawdown of imputed reserves. The 2013 fiscal deficit increased to 3.5 percent of GDP, reflecting weaker revenues and spending for subsidies, partly offset by higher grants.In line with 2011 Article IV recommendations, the authorities main |
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