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Burundi - Economic Rehabilitation Credit Project : third tranche release - full compliance (English)

The Economic Rehabilitation Credit (ERC) supports the transition process and the implementation of the Burundi's reform program. The government's program seeks to support poverty reduction efforts, increases the efficiency of resource allocation and utilization, and establish transitional institutions. This third, and final, tranche of SDR 10.6 million, was to be made available for disbursement upon fulfillment of conditions in the areas of gender, the coffee and tea sector, public procurement, and governance. Staff have reviewed with the Borrower (Burundi) the progress achieved in implementing the reform program and concluded that: (a) the macroeconomic policy framework for growth and poverty reduction is consistent with the objectives of the reform program; (b) satisfactory progress has been achieved in the overall execution of the program; and (c) all specific conditions pertaining to the release of the Third Tranche have been met.


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    Tranche Release Document

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    Burundi - Economic Rehabilitation Credit Project : third tranche release - full compliance

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    procurement administration;macroeconomic policy framework;foreign exchange;public expenditure management system;comprehensive strategy;gender action;peace process;transition process;export revenue;coffee sector;auction proces;public expenditure tracking;equality of right;Internally Displaced Person;human resource capacity;foreign exchange system;basic social service;public service delivery;Governance and Accountability;public expenditure allocation;poverty reduction effort;international coffee price;public procurement procedure;displacement of persons;debt sustainability analysis;consumer price index;international oil price;primary budget deficit;private sector operator;limited administrative capacity;fight against poverty;traditional export sector;efficiency and quality;violence against woman;information and communication;composition of expenditure;official exchange rate;foreign exchange bureaux;Government Accounts;social infrastructure;real growth;tea sector;good governance;transition period;macroeconomic framework;financial operation;political environment;draft legislation;domestic arrears;community level;capacity enhancement;gender disparity;rebel group;auction mechanism;governance reform;smallholder producer;economic liberalization;interbank market;armed groups;debt service;multilateral debt;commercial creditor;bilateral agreement;debt rescheduling;fiscal balance;dutch auction;Government Treasury;Macroeconomic Management;constitutional guarantee;government's commitment;Financing programmes;satisfactory progress;government operation;public resource;independent audit;Public Spending;budget process;agricultural production;government intervention;exogenous shock;fiscal cost;market sector;privatization strategy;Exchange Rates;payment order;coffee plantation;peacekeeping force;government budget;transitional government;rural income;donor pledge;donor community;regional market;international donor;economic reform;production facility;ethnic divide;economic recovery;real gdp;Macroeconomic Stability;fiscal development;petroleum price;exchange regime;oil tax;auction system;government expenditure;Wage Bill;customs revenue;government revenue;budget law;fiscal performance;Armed Forces;coffee crop;refugee camp;coffee production;social institution;economic institution;credible institution;police force;teacher union;gender discrimination;marketing organization;legislative election;marketing margin;finance program;ethnic group;external aid;universal suffrage;equal right;government pay;civil society;tranche release;national unity;economic stabilization;world market;national life;democratic election;social component;program objectives;peace agreement;macroeconomic development;strategic action;



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Burundi - Economic Rehabilitation Credit Project : third tranche release - full compliance (English). Washington, D.C. : World Bank Group.