The Joint Staff Advisory Note gives positive feedback on the elaborations made in Burundi’s Poverty Reduction Strategy Report (PRSR-II), and commends the measures taken to eliminate the implementation weaknesses and pitfalls of PRSR-I. The note puts forth guidelines to be followed by the government in implementation of the strategies for achieving the desired results, and emphasizes the need for ensuring a broad social consensus. The Executive Board also emphasizes the need for prioritizing the areas for further development.
The Poverty Reduction Strategy Paper II (PRSP-II) examines the major development challenges faced by Burundi. The paper identifies achievements in areas such as security and governance, but draws attention to the below-par performance in overall economic growth and development. The primary reasons for the lack of development have been cited in the report. The four major strategic pillars of the PRSP-II provide a road-map for achieving the goals and objectives enunciated to put Burundi on the path toward sustainable development.
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.
Depuis plusieurs années, le FMI publie un nombre croissant de rapports et autres documents couvrant l'évolution et les tendances économiques et financières dans les pays membres. Chaque rapport, rédigé par une équipe des services du FMI à la suite d'entretiens avec des représentants des autorités, est publié avec l'accord du pays concerné.
The implementation of the Growth and Poverty Reduction Strategy Framework (GPRSF) first describes the characteristics of poverty in Burundi before proceeding to review progress made in terms of each strategic axis. The analysis of macroeconomic performance, including the real sector, inflation, budgetary framework, the real sector [sic], and currency completes this report. In this context of extreme poverty and given the link between population numbers and poverty reduction, it is crucial that issues related to demographic pressure be clearly taken into account in all development programs.
This paper discusses key findings of the Second Review for Burundi under the three-year arrangement under the Poverty Reduction and Growth Facility (PRGF). All quantitative and structural performance criteria for March 2009 were met, and structural reforms are on track. In the near term, the authorities are determined to focus on sustaining macroeconomic stability, increasing domestic resource mobilization, promoting pro-poor growth, and implementing the power-sharing agreement to consolidate the peace process. Their commitment to the PRGF-supported program is unwavering and their end-March 2009 program performance has been impressive.
This paper discusses findings of the annual progress report on the Poverty Reduction Strategy Paper for Burundi. The report reveals that a number of decisive steps have been taken to promote political governance. Training sessions organized for local elected officials and members of parliament have contributed to enhancing their management capacities. With regard to the land tenure issue, the government expects to address it in the context of social cohesion so as to impart sustainable solutions.
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.
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.
This paper discusses the Poverty Reduction Strategy Paper (PRSP) for Burundi. The PRSP comes two and a half years after the approval in January 2004 by the Executive Boards of the IMF and the World Bank of the Interim PRSP (I-PRSP). The PRSP is also the outgrowth of a long period of negotiations encouraged and supported by the international community. The PRSP presents a medium- and long-term development vision for Burundi and sets out bold poverty reduction objectives, which are consistent with the government’s 2005–10 priority program and the Millennium Development Goals.