Burkina Faso Staff Report for 2009 Article IV Consultation, Fifth Review Under the Poverty Reduction and Growth Facility, and Requests for Augmentation of Access and Modification of Performance Criteria

In 2008–09, economic activity in Burkina Faso was negatively affected by the increase in global food and fuel prices, the global economic and financial crisis, and heavy flooding in Ouagadougou in September 2009. These shocks are estimated to have contributed to a deterioration in poverty indicators...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 2010
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a Provision and Effects of Welfare Program 
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653 |a Expenditure 
653 |a Investments: Commodities 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Expenditures, Public 
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520 |a In 2008–09, economic activity in Burkina Faso was negatively affected by the increase in global food and fuel prices, the global economic and financial crisis, and heavy flooding in Ouagadougou in September 2009. These shocks are estimated to have contributed to a deterioration in poverty indicators. Spending on emergency and humanitarian needs rose after the 2009 flooding. Fiscal stimulus measures were also adopted to support economic activity. Executive Directors have welcomed the authorities’ resolve to enhance revenue performance and expenditure management while unwinding exceptional expenditure generated by adverse exogenous shocks