Burkina Faso [electronic resource]

By: International Monetary Fund. African DeptMaterial type: TextTextSeries: IMF Staff Country Reports; Country Report ; No. 16/390Publication details: Washington, D.C. : International Monetary Fund, 2016Description: 1 online resource (124 p.)ISBN: 1475562578 :Subject(s): Article IV Consultation Reports | Economic Growth | Fiscal Policy | Burkina Faso | Sub-Saharan AfricaAdditional physical formats: Print Version:: Burkina FasoOnline resources: IMF e-Library | IMF Book Store Abstract: This 2016 Article IV Consultation highlights a rebound in economic activity in Burkina Faso beginning in 2016, after two years of weak growth. The January terrorist attacks and delays in approving the budget weighed on activity in the early part of 2016, but activity has rebounded, and real GDP growth is now projected at 5.4 percent, an improvement over 4.0 percent in 2015. The recovery is led by two new gold mines that came onstream and a sharp projected rebound in agricultural output in late 2016 and early 2017, after three disappointing years. The recovery is expected to consolidate in 2017, and growth is projected to rise to 6.1 percent as domestic and external conditions remain supportive.
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This 2016 Article IV Consultation highlights a rebound in economic activity in Burkina Faso beginning in 2016, after two years of weak growth. The January terrorist attacks and delays in approving the budget weighed on activity in the early part of 2016, but activity has rebounded, and real GDP growth is now projected at 5.4 percent, an improvement over 4.0 percent in 2015. The recovery is led by two new gold mines that came onstream and a sharp projected rebound in agricultural output in late 2016 and early 2017, after three disappointing years. The recovery is expected to consolidate in 2017, and growth is projected to rise to 6.1 percent as domestic and external conditions remain supportive.

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