Burkina Faso

Abstract

Cover -- Contents -- CONTEXT -- RECENT DEVELOPMENTS, OUTLOOK, AND RISKS -- POLICY ISSUES FOR THE ARTICLE IV AND ECF DISCUSSIONS -- A. Fiscal Policy and Governance -- B. Borrowing Policies and Debt Management -- C. Enhancing Revenue Mobilization -- D. Controlling Current Spending -- E. Improving Public Financial Management -- F. Structural Reforms to Support Diversification and Financial Inclusion -- POVERTY REDUCTION AND INCLUSION -- OTHER ISSUES -- PROGRAM ISSUES -- STAFF APPRAISAL -- BOXES -- 1. Financial Sector -- 2. Fiscal Transparency Over Time and Compared to Peers -- 3. Revenue Mobilization -- 4. Composition of Spending and the Rising Wage Bill -- 5. Benchmarking and Efficiency of Public Spending in Burkina Faso -- FIGURES -- 1. Burkina Faso: Security Challenges -- 2. Recent Economic Developments -- 3. Real and External Developments -- 4. Fiscal Developments -- TABLES -- 1. Selected Economic and Financial Indicators, 2015-23 -- 2. Balance of Payments, 2015-23 -- 3. Monetary Survey, 2015-20 -- 4. Financial Soundness Indicators, 2012-June 2018 -- 5a. Consolidated Operations of the Central Government, 2017-23 (CFAF billions) -- 5b. Consolidated Operations of the Central Government, 2017-23 (percent of GDP) -- 5c. Consolidated Operations of the Central Government, 2018 (CFAF billions) -- 5d. Consolidated Operations of the Central Government, 2019 (CFAF billions) -- 6. Schedule of Disbursements Under Three-year ECF Arrangement 2018-20 -- 7. External Financing Requirements, 2017-21 -- 8. Indicators of Capacity to Repay the IMF, 2016-32 -- ANNEX -- I. External Sector Assessment -- APPENDICES -- I. Letter of Intent -- Attachment I. Memorandum of Economic and Financial Policies -- Attachment II. Technical Memorandum of Understanding -- Contents -- FUND RELATIONS -- RELATIONS WITH OTHER IFI'S -- STATISTICAL ISSUES