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International Monetary Fund. African Dept.

completion of the third review under the ECF arrangement. They also seek Board approval for the setting of revised performance criteria and indicative targets for September-December 2013, new targets for March and June 2014 and structural benchmarks for 2014. Furthermore, the government of Burundi asks for approval for the modification of the external non-concessional debt limit to accommodate a vital road project. Program performance My Burundian authorities have continued to show strong commitment in implementing the polices outlined in the ECF supported program

International Monetary Fund
The Poverty Reduction Strategy Papers (PRSPs) on Burundi focus on the implementation of the interim PRSP. The implementation of the Interim PRSP has been undertaken in a relatively difficult social and political context, as Burundi is still involved in a process of normalizing and democratizing its political life. The experience acquired in the process of formulating the I-PRSP showed gaps in the dissemination of information to the public at large, as well as gaps in the understanding of the PRSP process on the part of all the social and economic development players in Burundi.
International Monetary Fund
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper–Annual Progress Report (APR) for Burundi. Slow implementation of structural reforms, a sharp decline in coffee production, and the unstable security situation are largely responsible for lower-than-expected economic growth. Poor weather conditions and rising international petroleum and food prices are the main factors behind the faster-than-expected increase in domestic consumer prices. The APR also discusses the issue of regional economic integration, which is one of the elements that will shape medium-term economic developments in Burundi.
International Monetary Fund
This Joint Staff Advisory Note provides comments and advice on the Poverty Reduction Strategy Paper (PRSP), plans for its implementation, and priorities for strengthening it, including through annual progress reports (APRs) for Burundi. The PRSP highlights that Burundi’s weak institutional capacity must be strengthened if the poverty reduction strategy and growth programs are to succeed. There is particular need for improved public financial management and better implementation of socioeconomic policies and reforms over the medium term.
International Monetary Fund
The government of Burundi undertook to prepare the first Growth and Poverty Reduction Strategy Framework (GPRSF). The general framework for most economic and social development programs initiated by Burundi and its donors has been established. A general balance sheet of performance has also been established. Economic development efforts have generally had an impact on the population’s material well-being. The principal objective of the second strategic axis focusing on economic growth was annual growth between 6 and 7 percent, capable of doubling per capita GDP in 15 years.
International Monetary Fund

35. In 2004 the government of Burundi—with the support of its partners—undertook to prepare the first Growth and Poverty Reduction Strategy Framework (GPRSF). Based on an extended process of consultations with all the public and private institutions involved and with representatives from the provinces, communes, and civil society, this framework was approved by the government and Parliament in September 2006, and then evaluated by the Bretton Woods institutions (IMF and World Bank) in March 2007. Considered by the government and its partners as the general

International Monetary Fund

debt relief 4. In addition to court decisions in favor of several commercial creditors and Iraq totaling US$36-40 million, attorneys representing Libya announced their intention to sue the government (for over US$100 million) for outstanding debt obligations. Fund staff received verbal assurances from the Burundi authorities that they would suspend their court action against the government of Uganda (about US$15 million), but no written confirmation of the actions taken by the government of Burundi has been received. Conflict in northern Uganda 5. The

International Monetary Fund

Front Matter Page © 2008 International Monetary Fund August 2008 IMF Country Report No. 08/292 Burundi: Selected Issues This Selected Issues paper for Burundi was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on June 24, 2008. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Burundi or the Executive Board