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Burundi - Third Structural Adjustment Program (English)

The main objectives of the Third Structural Adjustment Credit Project are to help strengthen the economy's supply response to the adjustment process by further reducing the role of the state in the economy and, in conjunction with an IMF supported ESAF (Enhanced Structural Adjustment Facility) arrangement, by continuing to alleviate policy constraints to private sector development. This operation will also shield vulnerable groups from the transitional costs of adjustment. The operation will support reforms in three key areas: i) a reduced and more effective role for the state; ii) elimination of policy and legal/regulatory constraints to private sector development; and iii) improved access to social services, especially for lower income groups. The redefined state role will focus on reducing the fiscal deficit by accelerating the restructuring of the public enterprise sector and reducing non-developmental expenditure. Private sector development and export diversification will be promoted through liberalization of external transactions, the agricultural sector and factor markets, and reform of the regulatory, legal and fiscal systems. Finally, a social sector component will promote a more appropriate pattern of public expenditure through the maintenance of a safety net of social expenditure and measures to improve the quality of basic health and education services.

Details

  • Document Date

    1992/05/12

  • Document Type

    President's Report

  • Report Number

    P5806

  • Volume No

    1

  • Total Volume(s)

    1

  • Country

    Burundi,

  • Region

    Africa,

  • Disclosure Date

    2012/07/10

  • Disclosure Status

    Disclosed

  • Doc Name

    Burundi - Third Structural Adjustment Program

  • Keywords

    flexible exchange rate policy;flexible exchange rate system;marginal cost of production;access to foreign exchange;adequate supply of contraceptives;access to health service;per capita income growth;woman head of household;coffee price;Health and Population;private sector involvement;basic social service;public enterprise sector;balance of payment;budget deficit;transportation and insurance;household level data;sale of stock;labor market liberalization;rapid population growth;capital account liberalization;terms of trade;public expenditure programme;reduction in subsidies;education and health;ad valorem tax;quality of public;demand management policy;debt service ratio;world war ii;public investment program;family planning activities;Access to Education;farming system research;adequate social services;enhancement of woman;primary enrollment rate;public resource management;balance of power;gdp growth rate;tract of land;pattern of development;soil fertility management;economic reform agenda;foreign technical assistance;social sector spending;share of resource;small family size;sale of asset;conditions of employment;primary health care;public sector saving;account deficit;public saving;donor coordination;real growth;Financial Sector;fiscal deficit;Exchange Rates;vulnerable group;government commitment;european community;low-income group;tariff reform;investment operation;population pressure;technical expertise;concessional term;coffee sector;local investor;private enterprise;regulatory constraint;compulsory saving;performance contract;donor financing;political implication;long-term growth;Economic Policy;population strategy;information gap;political turmoil;education cost;social program;social effect;social unrest;temporary unemployment;information program;finance service;put pressure;foreign labor;free zone;international promotions;previous one;productive asset;employment opportunity;employment opportunities;arable land;donor consultation;beneficiary group;Natural Resources;farm level;bottom land;aid flow;regular meetings;specific issue;production technique;adjustment process;structural adjustment;scarce land;inflation rate;production method;adjustment program;test case;commodity stabilization;demographic analysis;Macroeconomic Policy;population issue;fetching water;livestock rearing;lending strategy;productive activity;Credit policies;Education Services;credit policy;employment creation;utility company;political situation;domestic bank;import duty;competitive rate;labor code;import growth;multilateral institution;grant element;exogenous factor;Population Density;government budget;formal employment;landlocked country;transport cost;higher growth;external resource;Tax Reform;legal framework;public revenue;Export Diversification;agricultural sector;lending rate;exchange loss;weather condition;agricultural production;government approval;regional market;real gdp;payment surplus;environment issues;export proceeds;poverty impact;poverty program;poverty situation;employment generation;remedial action;budget law;total stock;auction system;coffee crop;economic liberalization;pricing system;management companies;community level;indirect subsidy;full liberalization;insurance cost;secondary market;monetary policy;bearer certificate;health facility;potable water;urban development;reform measure;prevalence rate;rural area;information campaign;bank lending;social condition;soil erosion;small farm;agricultural potential;soil degradation;agricultural productivity;private management;Consulting services;sector work;budget discussion;living condition;private investment;fishery development;farming technique;

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Citation

Burundi - Third Structural Adjustment Program (English). Washington, D.C. : World Bank Group. http://documents.worldbank.org/curated/en/749801468020992561/Burundi-Third-Structural-Adjustment-Program