Burkina Faso Second Review Under the Extended Credit Facility Arrangement and Request for Waiver of Nonobservance of a Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso

In light of widespread concern about the security crisis and protracted public sector pay disputes, the government resigned in January 2019. The new government, installed with a mission to combat the security crisis with more vigor, remains under tremendous pressure. Growth in 2018 remained resilien...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Published: Washington, D.C. International Monetary Fund 2019
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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653 |a International economics 
653 |a Wages 
653 |a National Budget 
653 |a Monetary economics 
653 |a Budget 
653 |a National Government Expenditures and Related Policies: General 
653 |a Budgeting 
653 |a Budget Systems 
653 |a Revenue 
653 |a Arrears 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Budget planning and preparation 
653 |a Budgeting & financial management 
653 |a Labour 
653 |a Public Finance 
653 |a Income economics 
653 |a Expenditure 
653 |a Exports and Imports 
653 |a Credit 
653 |a Public finance & taxation 
653 |a Revenue administration 
653 |a Monetary Policy, Central Banking, and the Supply of Money and Credit: General 
653 |a Money and Monetary Policy 
653 |a Labor 
653 |a Expenditures, Public 
653 |a International Lending and Debt Problems 
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520 |a In light of widespread concern about the security crisis and protracted public sector pay disputes, the government resigned in January 2019. The new government, installed with a mission to combat the security crisis with more vigor, remains under tremendous pressure. Growth in 2018 remained resilient as a bumper harvest more than compensated for a decline in non-agricultural GDP growth. Inflation remained subdued, and the overall fiscal deficit declined below 5 percent of GDP, though essentially at the cost of lower public investment. Given difficulties in moving ahead with a constitutional reform, the authorities are now focusing on a two-stage strategy to contain the wage bill. First, in the near term, transitional measures will be implemented and the outlook for the wage bill would remain in line with the understandings reached at the first review. Second, in the meanwhile, the authorities will continue exploring politically feasible ways to adopt their reform package. The main risks to the program stem from heightened security risks and further labor disputes