Skip to Main Navigation

Burundi - Enhanced Initiative For Heavily Indebted Poor Countries : preliminary document (English)

This paper presents a preliminary assessment of Burundi's eligibility for assistance under the enhanced Heavily Indebted Poor Countries (HIPC) Initiative. The findings are based on several joint IDA-IMF missions to Bujumbura, most recently in September and November 2004. Together with the authorities, the September mission conducted a preliminary debt sustainability analysis (DSA). Burundi has a heavy debt burden and limited resources. The results of the preliminary DSA show that Burundi's external debt situation would continue to exceed the HIPC threshold even after application of traditional debt-relief mechanisms. Section Il provides background information on eligibility under the enhanced HIPC Initiative, the incidence of poverty, and the policy track record. Section III presents the preliminary DSA, including possible assistance under the enhanced HIPC Initiative. Section IV outlines the proposed timeline for preparation of the decision point document, the proposed key reforms to be considered for the completion point triggers, and gives a preliminary indication of how debt-service savings after the decision point will be used and tracked and Section V includes issues for discussion by the Boards of Executive Directors.

Details

  • Document Date

    2005/01/06

  • Document Type

    Preliminary Decision Point Document

  • Report Number

    31202

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Burundi,

  • Region

    Africa,

  • Disclosure Date

    2005/09/29

  • Disclosure Status

    Disclosed

  • Doc Name

    Burundi - Enhanced Initiative For Heavily Indebted Poor Countries : preliminary document

  • Keywords

    interim poverty reduction strategy;baseline scenario;debt to export;bilateral creditor;Public and Publicly Guaranteed;debt outstanding and disbursed;debt service to export;traditional debt-relief mechanism;sensitivity analysis;multilateral creditor;external current account deficit;traditional debt relief mechanism;increase in interest rate;millennium development goal;access to safe water;resource for poverty reduction;external financing;commercial creditor;projection period;private sector activity;eligibility for assistance;concessional term;Public Procurement System;private sector supplier;lack of sanitation;human capital development;public external debt;official development aid;market interest rate;safety net mechanism;import of goods;real economic growth;economic reform program;debt management strategy;human development index;women in development;adverse price shocks;foreign exchange system;official exchange rate;stock of debt;Internally Displaced Person;poverty reduction program;international donor community;external debt burden;Public Expenditure Management;debt service obligation;public enterprise privatization;standard of living;education and health;european investment bank;governance action plan;export performance;international community;export volume;export ratio;external assistance;commercial debt;audit court;external creditor;social indicator;draft legislation;export receipts;budget nomenclature;Health Service;bilateral agreement;export growth;grant financing;good governance;fiscal revenue;coffee sector;Social Protection;real gdp;Macroeconomic Stability;Government Accounts;gender action;outstanding debt;internal security;reform effort;concessional loan;poverty alleviation;rural area;aids prevalence;civil conflict;private saving;present value;multilateral debt;import growth;productive asset;capital stock;amortization payment;sustainability indicator;exchange restriction;financing need;private investment;vulnerable group;basic infrastructure;expenditure policy;gender disparity;Justice Systems;security service;budget law;macroeconomic stabilization;program review;health increase;budget procedure;Exchange Rates;eligibility criterion;debt datum;gdp deflator;import volume;domestic credit;official reserve;executive board;financial audits;child immunization;increased access;potable water;health care facilities;access road;Budget Management;budgetary saving;special account;Bankruptcy Law;sustainability analysis;investment climate;arbitration system;scarce resource;macroeconomic assumption;satisfactory progress;domestic debt;governance measure;core functions;government revenue;Armed Forces;debt-service burden;external grant;world market;external shock;export base;domestic reform;active program;broad consultation;security situation;democratic governance;Rural Sector;political stability;rural community;Business Climate;property right;Public Services;forced displacement;agricultural productivity;development partner;public hospital;gender participation;sectoral liberalization;political agenda;transition process;public finance;war victim;political transition;fight corruption;Corporate Law;Commercial Law;reform plan;cotton sector;livestock herds;demographic pressure;autonomous management;agricultural activity;external arrears;Civil War;total stock;refugee camp;financing cost;expenditure pressures;social program;land reform;Fiscal policies;financial operation;peacekeeping force;capital requirement;national assembly;comprehensive strategy;international creditors;debt rescheduling;armed groups;Financial Stability;health condition;auction system;liberalization measure;export revenue;classification system;budgetary expenditure;social progress;government expenditure;payment support;International Trade;Tax Administration;sustainable level;monetary policy;community management;political environment;civil society;ethnic community;productive system;foreign reserve;medium-term macroeconomic;fiscal policy;macroeconomic projection

Downloads

COMPLETE REPORT

Official version of document (may contain signatures, etc)

  • Official PDF
  • TXT*
  • Total Downloads** :
  • Download Stats
  • *The text version is uncorrected OCR text and is included solely to benefit users with slow connectivity.

Citation

Burundi - Enhanced Initiative For Heavily Indebted Poor Countries : preliminary document (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/599961468014041248/Burundi-Enhanced-Initiative-For-Heavily-Indebted-Poor-Countries-preliminary-document