Burkina Faso earns positive assessment from IMF

Burkina Faso is participating in a three-year Extended Credit Facility loan through the IMF.
Burkina Faso is participating in a three-year Extended Credit Facility loan through the IMF.

International Monetary Fund (IMF) representatives recently met with Burkina Faso's Prime Minister Paul Kaba Thiéba and other officials in Ouagadougou to discuss the country's economy.

Burkina Faso is participating in a three-year Extended Credit Facility loan through the IMF to help boost specific sectors of its economy. IMF officials expect to conduct their four and fifth reviews of Burkina Faso's progress in June.

In the meantime, IMF delegation leader Corinne Deléchat said the country is stabilizing itself despite instability in the government and terrorist attacks.

"The country's economic program has remained broadly on track despite the challenging backdrop, with all quantitative performance criteria under the program met and structural reforms continuing to be implemented, albeit with some delays," Deléchat said.

Deléchat expressed hope about the potential impact of new agricultural and budgeting laws, as well as Burkina Faso's focus on developing its energy sector, improving tax collection, increasing production, and implementing a variety of social reforms.

Also representing Burkina Faso during the visit was Minister of Economy Finance and Development Rosine Sori Coulibaly, Mister of Mines and Energy Alpha Oumar Dissa, Minister Delegate to the Budget Edith Clémence Yaka and other officials.

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