Le Burundi est l’un des pays les plus pauvres au monde. Le PIB par habitant est d’environ 255 dollars et plus de deux tiers de la population vit en-dessous du seuil de la pauvreté. Le pays progresse vers les objectifs du Millénaire pour le développement (OMD) mais les probabilités de les atteindre d’ici 2015 restent limitées.
completing and fully implementing their medium–term debt management strategy focused on improving the legal framework governing the issuance of guarantees and on lending; strengthening the debt management structure and building capacity for the analysis of cost indicators and basic debt risks. They intend to create a high-level committee to coordinate public debt management processes and to ensure that total public debt is consistent with the country’s macroeconomic objectives.
12. The authorities’ monetarypolicyframework will continue to be
remained broadly stable since the issuance of the staff report. On January 26, Bangladesh Bank released a monetary policy statement for the first time. The statement published the authorities' monetarypolicyframework supported by the PRGF program and also projects that the steps already taken to tighten monetary policy would be sufficient to contain inflation at 7 percent, notwithstanding the expectation of further fuel price adjustments. The statement also pledges that the central bank will remain alert to the need for further monetary policy measures. Staff welcomes
This paper discusses key findings of the Fourth Review Under the Poverty Reduction and Growth Facility (PRGF) for Bangladesh. Several quantitative and structural performance criteria have been missed for the fourth PRGF review. The nonobservance of these performance criteria largely reflects delays in securing the disbursement of external program assistance and difficulties in achieving the necessary internal consensus for advancing key structural reforms. In view of the remedial measures implemented by the authorities, IMF staff supports the requests for waiver of performance criteria.
Trinidad and Tobago showed strong economic performance. Executive Directors welcomed this development, and emphasized the need to maintain strong fiscal and monetary policies, and accelerate structural reforms. They appreciated the proposals to include the state energy companies in the list of government assets, and noted the restructuring of the sugar sector. They mentioned Trinidad and Tobago's growing importance as a regional financial center, and commended the supervision of the financial system in line with international standards, and the good quality of statistics.
This 2012 Article IV Consultation highlights that despite a difficult economic and social context, Burundi has made steady, though uneven, progress in implementing its Extended Credit Facility (ECF)-supported economic reforms. Real GDP growth is estimated to have increased to 4.2 percent in 2011. The medium-term macroeconomic outlook is challenging. Risks emanate from a delicate social situation given persistent shocks and the high cost of living. Executive Directors have emphasized the importance of pursuing public financial management reforms to foster greater transparency and accountability, and to strengthen institutional capacity.
1. Owing to strong growth in the last decade, progress has been made toward meeting the Millennium Development Goals (MDGs). Bangladesh has outperformed many low-income countries on a range of social indicators, and is well on the way to meeting MDGs related to education, gender parity, and infant and child mortality (Table 1). Overall growth performance has also been in line with other low-income countries in the region, but faster growth will be required if the MDG for poverty reduction is to be met by 2015. Growth continues to be adversely affected by inadequate investment in human capital, infrastructure bottlenecks, and poor governance.
The Executive Board of the International Monetary Fund (IMF) today completed the fourth review of Bangladesh's economic performance under the Poverty Reduction and Growth Facility (PRGF) arrangement. The completion of this review makes available to Bangladesh a disbursement in an amount equivalent to SDR 67.28 million (about US$97.2 million), after which disbursements will total SDR 283.06 million (about US$409.1 million).