OUAGADOUGOU, Burkina Faso (XOL Africa) — The International Monetary Fund has completed its 2026 Article IV consultation with Burkina Faso and reviewed the country’s economic policies under its Extended Credit Facility and Resilience and Sustainability Facility arrangements, according to documents released Tuesday.
The IMF Executive Board considered the review on June 26, following discussions between IMF staff and Burkinabe authorities that ended May 25. The staff report was completed June 11 based on information available at the time of the discussions.
The review covered the fifth assessment under Burkina Faso’s Extended Credit Facility arrangement, as well as requests to increase access to IMF financing and modify performance criteria. It also included a financing assurances review and the first review under the Resilience and Sustainability Facility arrangement.
The IMF said the package released July 28 includes a press release summarizing the views of the Executive Board, a staff report prepared for the board’s consideration, an informational annex, a debt sustainability analysis jointly prepared by IMF and World Bank staff, and a statement by the IMF’s executive director for Burkina Faso.
The review examined economic developments and policies underpinning the country’s programs under the Extended Credit Facility and the Resilience and Sustainability Facility.
The IMF’s Executive Board discussion followed the Article IV consultation, which is part of the fund’s regular surveillance of member countries’ economic and financial policies.
The Resilience and Sustainability Facility is designed to support countries in addressing longer-term structural challenges, including those related to climate change and pandemic preparedness, while the Extended Credit Facility provides financial support to low-income countries facing protracted balance-of-payments difficulties.
The IMF’s transparency policy allows the removal of market-sensitive information and information concerning authorities’ policy intentions that could be disclosed prematurely from published staff reports.
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