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2010 (2)

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Book
Liberia : Poverty Reduction Strategy: Progress Report.
Authors: ---
ISBN: 1462355420 1455229385 1282846698 9786612846694 1455202460 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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Abstract

Liberia made slow progress on the implementation of the Poverty Reduction Strategy (PRS). The impact of the global economic crisis affected implementation and slowed the pace of growth. With the development of the Public Financial Management (PFM) framework, a PRS deliverable, the credibility of the country’s financial systems is being restored. Increased vigilance in tax collection efforts, expansion of the tax base, and the elimination of discretionary exceptions led to a rise in revenue by 13.5 percent from US$207 million in fiscal year (FY) 2007/08 to US$235 million in FY2008/09.


Book
Burundi : Third Review Under the Three-Year Arrangement Under the Extended Credit Facility: Staff Report and Press Release.
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ISBN: 1455288519 1452736405 1282845683 9786612845680 1451982259 Year: 2010 Publisher: Washington, D.C. : International Monetary Fund,

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This paper discusses key findings of the Third Review Under the Extended Credit Facility (ECF) for Burundi. In a difficult post-conflict environment, performance on the ECF-supported program was satisfactory. All quantitative performance criteria for end-September 2009 were met, and structural reforms are on track. The closing of off-budget accounts constitutes a major step toward establishment of a single treasury account. The program for 2010 seeks to consolidate economic stability and support gradual recovery of the economy. IMF staff recommends completion of the Third Review based on Burundi’s performance and the strength of the program.

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