Following a satisfactory third review under the Extended Credit Facility arrangement signed with Burkina Faso in March 2018, the International Monetary Fund approved the disbursement of $24.9 million for the country.
In the related document, the Fund says Burkina’s economic growth remains resilient despite the rising security crisis. Growth was 6.4% in the first half of the year and is expected to stabilize at around 6% in the mid-term. Authorities are committed to improve tax revenue mobilization to 18% of GDP next year, against 17.5% in 2019. Current account deficit is also expected to drop to 4% in 2020, compared to 5.2% in 2019, while further efforts are expected to better reduce public spending, in particular subsidies and wage bill, which is expected to gradually decline in 2020 from 10% of GDP in 2019. Fiscal deficit in 2019 complied with the WAEMU convergence criterion set at 3% of GDP, and same trend is expected in 2020.
However, IMF suggests that the country should “maintain a sound macro-fiscal framework, implement structural reforms to diversify its export base of goods and services, exercise control over government guarantees and contingent liabilities, and limit non-concessional borrowing.” The country will also need to “strengthen the implementation of its medium-term debt strategy to contain its debt service and gross financing needs in order to prevent a deterioration of its debt sustainability outlook.”
Let’s note the new disbursement brings to about $99.5 million the total fund injected by the IMF under the arrangement. Overall fund to be disbursed is about $149.3 million.
Firmine AIZAN
Africa’s AI adoption is accelerating, but its ability to scale depends primarily on foundational i...
Development Partners International sold its 20.17% stake in Atlantic Business International for mo...
African billionaires increased their combined net worth by $21.9 billion in 2025. Nigerian b...
Africa’s energy & mining exports benefit from US tariff exemptions, cushioning trade as most other...
Flutterwave acquired Nigerian open banking startup Mono in an all-share deal valued between $...
Finance Law 2026 grants tax exemptions to certified digital start-ups Benefits apply for three years and target firms outside the VITIB zone Measure...
Egypt secured approval to export citrus to the Dominican Republic from January 1, 2026 Dominican citrus imports more than tripled to 17,215 tonnes...
Zgounder mine produced 4.82 million ounces of silver in 2025, up 193% year on year Aya Gold and Silver ramped up output after commissioning a new...
Egypt opens EliTe Solar manufacturing complex in Ain Sokhna zone $116 million project targets 5 GW solar cell and module capacity Investment supports...
Located at the mouth of the Senegal River, about twenty kilometers from the Atlantic Ocean, Saint-Louis Island holds a distinctive place in the country’s...
Benin considers hosting a pan-African cultural event inspired by FESMAN but plans to use a different name. Culture Minister Jean-Michel Abimbola...