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Burkina Faso reaches IMF staff-level deal on ECF review and $122.7mn climate facility

The International Monetary Fund (IMF) and Burkina Faso have reached a staff-level agreement on economic and financial policies under the fourth review of the Extended Credit Facility (ECF) and a proposed Resilience and Sustainability Facility (RSF). The mission, led by Jaroslaw Wieczorek, visited Ouagadougou from October 29 to November 12 to review progress under the ECF, approved in September 2023 for SDR 228.76mn ($302mn), and to discuss the design of an 18-month climate-focused RSF arrangement worth SDR 90.3mn ($122.7mn). [...]