<\/p>\n
IMF Executive Board approval would release approximately $65.4 million under the Extended Credit Facility (ECF) and $22.3 million through the Resilience and Sustainability Facility (RSF).<\/p>\n
<\/p>\n
The Board is expected to consider the reviews in mid-January 2027. \u201cHigh gold prices, robust gold output and mining reforms, including formalisation of artisanal mining, continue to support economic activity,\u201d IMF Mission Chief for Burkina Faso Jaroslaw Wieczorek said.<\/p>\n
<\/p>\n
Economic growth is projected at 4.4% in 2026 before increasing to 4.8% in 2027.<\/p>\n
<\/p>\n
Improved access to fertiliser, expanded irrigation, rehabilitated dams and additional boreholes helped agriculture withstand unfavourable rainfall compounded by El Ni\u00f1o.<\/p>\n
<\/p>\n
Inflation is expected to reach about 2% in 2026, the midpoint of the Central Bank of West African States\u2019 target range of 1% to 3%.<\/p>\n
<\/p>\n
Inflation is projected to increase in 2027 but remain within the target range.<\/p>\n
<\/p>\n
Strong gold exports moved the current account into a surplus of nearly 10% of gross domestic product in 2025. The surplus is expected to moderate to 6.8% in 2026.<\/p>\n
<\/p>\n
Burkina Faso met all quantitative objectives required for the sixth ECF review and reported completing the required reforms.<\/p>\n
<\/p>\n
The 2026 supplementary Budget maintains an official deficit target of 2.7% of gross domestic product despite higher public investment.<\/p>\n
<\/p>\n
However, the IMF expects the deficit to exceed that target while remaining below the 4% ceiling agreed in June.<\/p>\n
<\/p>\n
The 2027 Budget is expected to target a deficit of about 3.3%, moving towards the West African Economic and Monetary Union limit of 3%.<\/p>\n
<\/p>\n
The IMF warned that commodity-price pressures linked to the Middle East conflict posed continuing risks.<\/p>\n
<\/p>\n
Discussions covered energy costs, social protection, food security and governance arrangements for the newly established sovereign mining fund. \u201cPersistent commodity-price pressures linked to the Middle East conflict heighten risks for Burkina Faso,\u201d Wieczorek said.<\/p>\n
<\/p>\n
Approval would bring total disbursements to approximately $310.6 million under the ECF and $44.6 million under the RSF.<\/p>\n
<\/p>\n
–IMF\/ChannelAfrica–<\/p>\n","protected":false},"featured_media":41833,"template":"","meta":{"_acf_changed":false,"_members_access_role":[],"_members_access_error":"","_links_to":"","_links_to_target":""},"news-type":[44],"class_list":["post-50113","news","type-news","status-publish","has-post-thumbnail","hentry","news-type-finance","entry"],"acf":{"short_description":"Burkina Faso could receive about $87.7 million from the International Monetary Fund (IMF) after reaching agreements on reviews of programmes supporting economic reforms and climate resilience.","published_date":"","news_description":"Burkina Faso could receive about $87.7 million from the International Monetary Fund (IMF) after reaching agreements on reviews of programmes supporting economic reforms and climate resilience.","form_embed":"","author":"","image_caption":""},"_links":{"self":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50113","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news"}],"about":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/types\/news"}],"version-history":[{"count":2,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50113\/revisions"}],"predecessor-version":[{"id":50115,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news\/50113\/revisions\/50115"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media\/41833"}],"wp:attachment":[{"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/media?parent=50113"}],"wp:term":[{"taxonomy":"news-type","embeddable":true,"href":"https:\/\/www.channelafrica.co.za\/channelafrica\/wp-json\/wp\/v2\/news-type?post=50113"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}