Report

Burkina Faso, 2021 April Economic Update : Protecting the Poor During the Recovery and Beyond

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collection.link.130
https://openknowledge.worldbank.org/handle/10986/5995
collection.link.85
https://openknowledge.worldbank.org/handle/10986/2193
collection.name.130
French PDFs Available
collection.name.85
Economic Updates and Modeling
dc.contributor.author
World Bank
dc.date.accessioned
2021-06-10T18:31:01Z
dc.date.available
2021-06-10T18:31:01Z
dc.date.issued
2021-04
dc.date.lastModified
2021-06-11T05:11:45Z
dc.description.abstract
According to latest estimates, the economy grew by 2.0 percent in 2020, 4 percentage points less than projected before the onset of COVID-19 (coronavirus). The primary sector grew by 5.2 percent, supported by strong performances of subsistence crops and cotton.. The tertiary sector, the largest component of the economy, contracted by 4.9 percent on account of COVID-19 social distancing measures. Inflation returned to positive territory in 2020 and closed the year above 4 percent. The pandemic had a positive impact on the external sector and a negative impact on the fiscal accounts. In 2020, the trade balance improved by 1.0 percentage point of GDP supported by historically high gold prices and low oil prices. The structurally negative services balance improved by 0.3 percentage points of GDP on account of cheaper electricity imports from neighboring countries. The fiscal deficit as a share of GDP reached 5.2 percent in 2020, an increase from 3.2 percent in 2019. Public debt stood at 47.6 percent of GDP by end-2020. Although many impacts of the COVID-19 shock persist, the economy is projected to continue its recovery in 2021. On the demand side, the recovery is supported by consumption and private investment. With security, humanitarian, health, and social challenges persistingthroughout the year, the fiscal deficit is projected to remain elevated at 5.2 percent of GDP. As concessional funding is finite and no other funding options are available, the Government will have to resort to more expensive borrowing in the regional market, which will shift the composition of the public debt stock towards a majority share of domestic debt.
en
dc.identifier
http://documents.worldbank.org/curated/en/667441623270219232/Burkina-Faso-Protecting-the-Poor-During-the-Recovery-and-Beyond
dc.identifier.uri
http://hdl.handle.net/10986/35735
dc.language
English
dc.publisher
World Bank, Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.holder
World Bank
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC OUTLOOK
dc.subject
RISKS
dc.subject
CORONAVIRUS
dc.subject
COVID-19
dc.subject
PANDEMIC IMPACT
dc.subject
PUBLIC FINANCIAL MANAGEMENT
dc.subject
FISCAL TRENDS
dc.subject
DEBT SUSTAINABILITY
dc.subject
POVERTY
dc.subject
SOCIAL ASSISTANCE
dc.subject
SOCIAL PROTECTION SYSTEM
dc.subject
EMERGENCY RESPONSE
dc.title
Burkina Faso, 2021 April Economic Update
en
dc.title.subtitle
Protecting the Poor During the Recovery and Beyond
en
dc.type
Report
en
okr.date.disclosure
2021-06-10
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Economic Updates and Modeling
okr.docurl
http://documents.worldbank.org/curated/en/667441623270219232/Burkina-Faso-Protecting-the-Poor-During-the-Recovery-and-Beyond
okr.googlescholar.linkpresent
yes
okr.guid
667441623270219232
okr.identifier.externaldocumentum
090224b0886baf5f_1_0
okr.identifier.internaldocumentum
33158417
okr.identifier.report
160207
okr.imported
true
en
okr.language.supported
en
okr.language.supported
fr
okr.pdfurl
http://documents.worldbank.org/curated/en/667441623270219232/pdf/Burkina-Faso-Protecting-the-Poor-During-the-Recovery-and-Beyond.pdf
en
okr.region.administrative
Africa
okr.region.administrative
Africa Western and Central (AFW)
okr.region.country
Mali
okr.topic
Public Sector Development :: Public Sector Expenditure Policy
okr.topic
Public Sector Development :: Public Financial Management
okr.topic
Health, Nutrition and Population :: Disease Control & Prevention
okr.topic
Macroeconomics and Economic Growth :: Business Cycles and Stabilization Policies
okr.topic
Macroeconomics and Economic Growth :: Economic Growth
okr.topic
Macroeconomics and Economic Growth :: Fiscal & Monetary Policy
okr.topic
Poverty Reduction :: Services & Transfers to Poor
okr.topic
Social Protections and Labor :: Social Protections & Assistance

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