TohidA/MONA · Datasets at Hugging Face

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

26

7. Exchange systems and restrictions (current and capital)

Adopt and publish the single exchange system regulation

1

06/30/2006

MD

At P1R5, regulation issued on 12/12/06.

5

1

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

27

8. International trade policy, excluding customs reforms

Lift trade restrictions and price controls on sugar

1

09/30/2005

M

N/A

5

1

2005-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Adopt officially, and include in the PRSP, the development plan for statistics prepared by the IMF Statistics Mission in March 2006

1

06/30/2006

MD

At P1R5, completed with council of ministers approval of the PRSP on 8/1/06.

5

1

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Approval by the council of ministers of a new institutional framework for ISTEEBU and a new code for ISTEEBU employees that will allow them hence to produce, without interrupting the principal macroeconomic indicators

2

06/30/2006

NM

At P1R5, anticipated with the implementing provisions of the statistics law in the first quarter of 2007.

5

2

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt an action plan defining the new roles of coffee sector institutions (including OCIBU) to be in place for the start of the 2006 crop season (April 2006), consistent with coffee sector reform strategy.

1

11/30/2005

NM

N/A

5

1

2005-11-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Issue decree for the liberalization of coffee sector marketing and trade at all levels of the production chain

2

03/31/2005

M

N/A

5

2

2005-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

20.5

1.5. Debt Management

Commence tendering of negotiable treasury securities in standard denominations managed by BRB for the account of the government

1

09/30/2006

W

At P1R5, first tender launched on 12/29/06.

5

1

2006-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Install a computarized financial management information system (IFMIS) of moderate size in the Ministry of Finance, with the link to the BRB, designed to monitor budget implementation (notably social spending), and produce summary fiscal tables.

1

10/30/2005

W

At P1R3R4, system launched January 1, 2006.

5

1

2005-10-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Establishment of a single data file for the computerized management of the payroll at the Ministry of Finance

2

06/30/2007

PC

N/A

5

2

2007-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Establishment of new auditing court (Cour des comptes)

3

03/31/2004

W

Waived at P1R1.

5

3

2004-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

21.1

2.1. Central bank operations and reforms

Adoption of weekly liquidity auctions and introduction of a marginal refinancing window at a penalty rate, and reform of the system of mandatory reserve requirements, with reserves to be held only in the form of deposits with the BRB.

1

06/30/2004

W

At P1R1, the PC was only partly observed as liquidity auctions were not introduced. Corrective action was taken and a waiver was granted.

5

1

2004-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2007-09-30

N/A

2007-03-09

P1

R5

BLANK

SPC

26

7. Exchange systems and restrictions (current and capital)

Abolish remaining export surrender requirement (50 percent of coffee, tea, and cotton exports receipts)

1

03/31/2005

M

N/A

5

1

2005-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Modify import pre-inspection regime: (i) abolish levy for private sector development fund; (ii)modify the 10 percent fine for nonpre-inspection to a graduated rate and apply it; and (iii) ministerial order instituting a generalized pre-import declaration obligation at customes thereby delinking it from the exchange regulation regime.

1

Second Review Prior action

M

N/A

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Put into effect the new regulation on import procedures of January 24, 2006

2

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Promulgate the customs code.

3

Fifth Review Prior action

M

At P1R5, completed on 1/1/07.

6

3

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Finalize preparations for the introduction of a single taxpayer identification number for all government revenue services on July 1, 2005

4

Second Review Prior action

M

N/A

6

4

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Begin implementation of provisions for effective assessment and collection of income tax on Burundians working in local offices of all international agencies and institutions established in Burundi.

5

Second Review Prior action

M

N/A

6

5

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.2

1.2. Revenue administration, including customs

Submit to parliament the new customs code, reflecting the comments of the IMF techinical mission on customs administartion

6

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.3

1.3. Expenditure measures, including arrears clearance

Adoption by the council of ministers of a plan for clearing the domestic arrears of the budget, setting the amount to be cleared and the the clearing modalities agreed with IMF staff.

4

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

4

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.5

1.5. Debt Management

Launch tenders for Treasury bills and bonds in standard denominations, managed by BRB for the account of the government

2

Fifth Review Prior action

M

At P1R5, first tender launched on 12/29/06.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Creation of a unit attached to the office of the Ministry of Finance, responsible for the monitoring and coordination of public finance reforms.

1

Fifth Review Prior action

M

At P1R5, completed on 11/28/06.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Establishing an exhaustive list of the kinds of expenditures that may be made without a prior payment order (ordonnancement)

2

Sixth Review Prior action

M

At P1R6, met on 1/9/08.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Launch an external audit of HIPC expenditures

3

Sixth Review Prior action

M

At P1R6, met on 12/6/07.

6

3

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Ministrial Orders of the Ministry of Finance concerning the status and prerogatives of the internal control office in the Ministry of Finance, and the duties of the office responsible for developing the IFMS

4

Sixth Review Prior action

M

At P1R6, met on 1/8/08 and 12/31/07.

6

4

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Issue decree transferring payroll management to the Ministry of Finance

5

Fifth Review Prior action

M

At P1R5, completed on 2/21/07.

6

5

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduction of the new budget and accounting charter with 2005 budget

6

First Review Prior action

M

N/A

6

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Clarifying the provision of article 52 of the Public Accounting law.

7

Sixth Review Prior action

M

At P1R6, met on 1/9/08.

6

7

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Reinforce civil service wage bill management through the posting of a budget control unit at the ministry of the civil service to monitor wage bill commitments and payments.

8

Second Review Prior action

M

N/A

6

8

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Launch an external audit of cross-debts between the petroleum sector and the budget

9

Sixth Review Prior action

M

At P1R6, met on 12/10/07.

6

9

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submission to parliament of law on statute of magistrates of the audit court (Cour des comptes)

10

First Review Prior action

M

N/A

6

10

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Passage by parliament of a law on the status of magistrate of the audit court.

11

Second Review Prior action

M

N/A

6

11

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Presentation of 2005 budget to parliament consistent with program objectives

1

First Review Prior action

M

N/A

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Adoption by Parliament of a budget law for 2004 in line with program objectives

2

Program Prior Action

M

N/A

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Approve the 2006 supplementary budget in accordance with the macroeconomic objectives for 2006, as discussed with the IMF staff

3

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

3

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Promulgate the 2007 Budget Law in conformity with the program discussed with the IMF staff.

5

Fifth Review Prior action

M

Completed 12/30/06.

6

5

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Promulgate the 2008 budget law in conformity with the program discussed with the IMF.

6

Sixth Review Prior action

M

At P1R6, met on 12/30/07.

6

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

21.1

2.1. Central bank operations and reforms

Approval by the council of ministers of the revised BRB charter and submit to Parliament.

1

Sixth Review Prior action

M

At P1R6, met on 1/4/08. However, in approving the proposal for the revised central bank (BRB) charter, the council of ministers modified a number of articles, including to replace the governor as president of the board of directors of the BRB with one of the external board members. Staff will discuss the impact of these changes on the intended objective of central bank independence and, if needed, would propose corrective actions in line with best international practice in the context of discussions on an eventual successor PRGF arrangement.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

21.2

2.2. Central bank auditing, transparency, and financial controls

Transmit to the IMF the report on the internal audit of the BRB on program data, as specified in the TMU, for end-June and end-December 2005.

1

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

22

3. Civil service and public employment reforms, and wages

Launch the census operation of all government employees

1

Sixth Review Prior action

M

At P1R6, met on 12/10/07.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Launch the process of dismantling cross-ownership and consilidation of public sector assets with the government.

4

Fifth Review Prior action

M

At P1R5, completed 1/29/07.

6

4

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Adopt action plans for the rehabilitation of noncomplying banks.

1

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Approval by council of ministers of the draft anti-money laundering law in keeping with IMF staff recommendations.

2

Fifth Review Prior action

M

At P1R5, draft AML law approved by the council of ministers on 2/14/07.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Parliament passage of the anti-money laundering law

3

Sixth Review Prior action

M

At P1R6, met on 12/17/07.

6

3

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

26

7. Exchange systems and restrictions (current and capital)

Elimination of all remaining exchange restrictions on current account transactions and bona fide amortization payments

1

Program Prior Action

M

N/A

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

26

7. Exchange systems and restrictions (current and capital)

Adopt and publish the single exchange system regulation.

2

Fifth Review Prior action

M

At P1R5, regulation issued on 12/12/06.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Submission to Parliament of the draft statistics law.

1

Fifth Review Prior action

M

At P1R5, completed on 12/21/06.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Approve the implementing regulations for the statistics law

2

Sixth Review Prior action

M

At P1R6, met on 12/20/07 (revised from 11/27/07 as shown in EBS/07/156).

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.1

11.1. Private sector legal and regulatory environment reform (non financial sector)

Ministry of Commerce order abolishing the list of SOSUMO sugar wholesalers and establishing the freedom to operate for wholesalers on the basis of a set techinical criteria.

1

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Establish a committee for the coordination and monitoring of the coffee sector reform, with terms of reference, objectives, and operational modalities.

1

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

1

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Abolition OF the technical commissions of OCIBU.

2

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

2

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Reform the marketing committee of OCIBU to include representatives of all operators in the coffee sector.

3

Combined Third and Fourth Reviews Prior Action

M

Combined 3rd and 4th reviews prior action.

6

3

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Abolish the "loyer verger" on coffee sector producers.

4

Second Review Prior action

M

N/A

6

4

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

PA

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Publish ministerial order on the freedom of direct sales in the coffee sector

5

Second Review Prior action

M

N/A

6

5

2023-09-23

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

20.1

1.1. Revenue measures, excluding trade policy

Extension of the transactions tax to domestically produced goods and services

1

01/31/2004

M

N/A

6

1

2004-01-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

20.3

1.3. Expenditure measures, including arrears clearance

Complete audited inventory of domestic arrears

1

06/30/2005

MD

At P1R3R4 inventory completed May 20, 2005. External audit completed February 20, 2006.

6

1

2005-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Integrate the Budget payroll in the Integrated Finance Management Information System (IFMIS)

1

12/30/2006

MD

At P1R5, completed on 2/20/07.

6

1

2006-12-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Initiate audit, by the audit court, of the 2004 government accounts

2

05/31/2005

M

N/A

6

2

2005-05-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of the audit court's report of the 2004 government accounts.

3

09/30/2005

MD

At P1R3R4, completed in December 6, 2005.

6

3

2005-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

21.1

2.1. Central bank operations and reforms

Submit to the National Assembly the revised BRB Charter establishing the independence of the central bank

1

09/30/2006

NM

At P1R5, completion anticipated in first quarter of 2007.

6

1

2006-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

21.2

2.2. Central bank auditing, transparency, and financial controls

Launch of the first risk-based internal audit of the BRB.

2

03/30/2007

M

At P1R6, done on February 12, 2007.

6

2

2007-03-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

22

3. Civil service and public employment reforms, and wages

Census of all employees in the civil service, police force, and army.

3

06/30/2007

NM

At P1R6, launch delayed to December 2007.

6

3

2007-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Begin privatizing coffee sector assets by launching tenders for Sogestals, washing stations, and the state share in SODECO

1

06/30/2005

MD

At P1R3R4, tenders for sale of two washing stations launched in July 2005. No offers received.

6

1

2005-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Begin privatization program (with launch of tenders) of state shares in enterprises in the financial, industrial, and other sectors

2

12/30/2005

M

At P1R3R4, tenders for sale launched but suspended before closing date. Two firms (ALCOVIT and ONAPHA) were privatized in 2005.

6

2

2005-12-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

24.2

5.2. Privatization, public enterprise reform and restructuring, other than pricing

Launch the coffee sector privatization program by issuing tenders for sale of the washing stations and shelling factories

3

10/30/2006

NM

At P1R5, anticipated completion in 2007-08.

6

3

2006-10-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Submit to the National Assembly the draft Anti-Money Laundering bill incorporating the comments of the IMF.

1

09/30/2006

NM

At P1R5, completion anticipated in first quarter of 2007.

6

1

2006-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

25.1

6.1. Financial sector legal reforms, regulation, and supervision

Assessment that all banks in operation meet the minimum capital requirement

2

03/31/2004

M

N/A

6

2

2004-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

26

7. Exchange systems and restrictions (current and capital)

Adopt and publish the single exchange system regulation

1

06/30/2006

MD

At P1R5, regulation issued on 12/12/06.

6

1

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

27

8. International trade policy, excluding customs reforms

Lift trade restrictions and price controls on sugar

1

09/30/2005

M

N/A

6

1

2005-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Adopt officially, and include in the PRSP, the development plan for statistics prepared by the IMF Statistics Mission in March 2006

1

06/30/2006

MD

At P1R5, completed with council of ministers approval of the PRSP on 8/1/06.

6

1

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

29

10. Economic statistics (excluding fiscal and central bank transparency and similar measures)

Approval by the council of ministers of a new institutional framework for ISTEEBU and a new code for ISTEEBU employees that will allow them hence to produce, without interrupting the principal macroeconomic indicators

2

06/30/2006

NM

At P1R5, anticipated with the implementing provisions of the statistics law in the first quarter of 2007.

6

2

2006-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Issue decree for the liberalization of coffee sector marketing and trade at all levels of the production chain

1

03/31/2005

M

N/A

6

1

2005-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SB

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

Adopt an action plan defining the new roles of coffee sector institutions (including OCIBU) to be in place for the start of the 2006 crop season (April 2006), consistent with coffee sector reform strategy.

2

11/30/2005

NM

N/A

6

2

2005-11-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

20.5

1.5. Debt Management

Commence tendering of negotiable treasury securities in standard denominations managed by BRB for the account of the government

1

09/30/2006

W

At P1R5, first tender launched on 12/29/06.

6

1

2006-09-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Install a computarized financial management information system (IFMIS) of moderate size in the Ministry of Finance, with the link to the BRB, designed to monitor budget implementation (notably social spending), and produce summary fiscal tables.

1

10/30/2005

W

At P1R3R4, system launched January 1, 2006.

6

1

2005-10-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Establishment of a single data file for the computerized management of the payroll at the Ministry of Finance

2

06/30/2007

W

At P1R6, waiver granted. This reflected the delay in conducting the census of public sector employees, which was to produce a single wage management file. Both targets were missed, primarily because of the impact of political tensions and delays and complications in the provision of technical assistance support. Delayed to mid-2008.

6

2

2007-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Establishment of new auditing court (Cour des comptes)

3

03/31/2004

W

Waived at P1R1.

6

3

2004-03-31

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

21.1

2.1. Central bank operations and reforms

Adoption of weekly liquidity auctions and introduction of a marginal refinancing window at a penalty rate, and reform of the system of mandatory reserve requirements, with reserves to be held only in the form of deposits with the BRB.

1

06/30/2004

W

At P1R1, the PC was only partly observed as liquidity auctions were not introduced. Corrective action was taken and a waiver was granted.

6

1

2004-06-30

N/A

538

BURUNDI

618

PRGF

2004-01-23

2,004

2007-01-22

2,007

2008-01-22

N/A

2008-01-16

P1

R6

L

SPC

26

7. Exchange systems and restrictions (current and capital)

Abolish remaining export surrender requirement (50 percent of coffee, tea, and cotton exports receipts)

1

03/31/2005

M

N/A

6

1

2005-03-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a more robust authorized signatories control over disbursements and transfers with additional signatories required as the risk and transaction value increase.

1

Program Prior Action

M

P1R0 macro rationale: To improve safeguard measures at the central bank.

0

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Contract an international auditor to conduct special audits of the controls over the significant domestic disbursements and transfers to government and its creditors.

2

Program Prior Action

M

P1R0 macro rationale: To improve safeguard measures at the central bank.

0

2

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of the audit report on cross-debts between the government and the oil sector

1

Program Prior Action

M

P1R0 macro rationale: To imporve governance and transparency in public finances.

0

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Submission to the National Assembly of the draft new budget Organic Law

1

Program Prior Action

M

P1R0 macro rationale: The draft new budget organic law which includes modern principles of fiscal rules, transparency and specify concepts, principles and responsibilities of treasury officials.

0

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

PA

21.1

2.1. Central bank operations and reforms

Submission to the National Assembly of the draft Law on the Charter of the BRB together with the January 2008 recommendations by Fund staff on improvement of the law.

1

Program Prior Action

M

P1R0 macro rationale: To make the BRB more independent and accountable according to the best international practices.

0

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by the Council of Ministers of an action plan to replace the transaction tax with VAT

1

07/31/2008

SB

P1R0 macro rationale: To raise efficiency of tax collection, and offset potential losses on customs revenue due to the accession to EAC.

0

1

2008-07-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SB

20.1

1.1. Revenue measures, excluding trade policy

Elimination of all indirect tax exemptions and maintenance of the time limit on investment code exemptions.

2

09/30/2008

SB

P1R0 macro rationale: To improve fiscal stance by reducing tax exemptions and increasing controls on exemptions granted by the investment code.

0

2

2008-09-30

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SB

22

3. Civil service and public employment reforms, and wages

Start of the police and army census

1

10/31/2008

SB

N/A

0

1

2008-10-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SPC

20.6

1.6. Expenditure auditing, accounting, and financial controls

Resumption of payroll management by the Ministry of Finance by taking charge of the payroll database.

1

03/31/2009

PC

N/A

0

1

2009-03-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SPC

22

3. Civil service and public employment reforms, and wages

Completion of the census of all government civil employees

1

09/30/2008

PC

P1R0 macro rationale: To reinforce wage bill management through the creation of a single wage data management and elimination of ghost employees.

0

1

2008-09-30

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2008-07-07

P1

R0

E

SPC

30.2

11.2. Natural resource and agricultural policies (excl. public enterprises and pricing)

FBu 6 billion taken as security and the deeds for 25 properties belonging to Interpetrol placed under seal, as required under the Burundi law, to remain in place in compliance with such law until a court makes a ruling on the interpetrol legal proceedings.

1

Continuous

PC

P1R0 macro rationale: To improve governance in order to secure continued budget support from donors.

0

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Introduce a more robust authorized signatories control over disbursements and transfers with additional signatories required as the risk and transaction value increase.

2

Program Prior Action

M

P1R0 macro rationale: To improve safeguard measures at the central bank.

1

2

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Contract an international auditor to conduct special audits of the controls over the significant domestic disbursements and transfers to government and its creditors.

3

Program Prior Action

M

P1R0 macro rationale: To improve safeguard measures at the central bank.

1

3

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Submit to the General Council, the audit committee, and the finance minister the report on the special audits of the controls on important domestic disbursements and transfers - on behalf of the government or its creditors- that took place in the first half of 2008.

4

First Review Prior action

M

R1 macroeconomic rationale: Enhance the safeguard measures in force at the central bank.

1

4

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.6

1.6. Expenditure auditing, accounting, and financial controls

Recruit an international auditor to conduct special audits of the controls on important domestic disbursements and transfers-on behalf of the government or its creditors- that took place in the second half of 2008.

5

First Review Prior action

M

R1 macroeconomic rationale: Enhance the safeguard measures in force at the central bank.

1

5

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.7

1.7. Fiscal transparency (publication, parliamentary oversight)

Publication of the audit report on cross-debts between the government and the oil sector

1

Program Prior Action

M

P1R0 macro rationale: To imporve governance and transparency in public finances.

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

20.8

1.8. Budget preparation (e.g., submission or approval)

Submission to the National Assembly of the draft new budget Organic Law

1

Program Prior Action

M

P1R0 macro rationale: The draft new budget organic law which includes modern principles of fiscal rules, transparency and specify concepts, principles and responsibilities of treasury officials.

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

PA

21.1

2.1. Central bank operations and reforms

Submission to the National Assembly of the draft Law on the Charter of the BRB together with the January 2008 recommendations by Fund staff on improvement of the law.

1

Program Prior Action

M

P1R0 macro rationale: To make the BRB more independent and accountable according to the best international practices.

1

2023-09-23

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Approval by the Council of Ministers of an action plan to replace the transaction tax with VAT

1

07/31/2008

MD

P1R0 macro rationale: To raise efficiency of tax collection, and offset potential losses on customs revenue due to the accession to EAC. At R1, completed with a slight delay.

1

2008-07-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Elimination of all indirect tax exemptions and maintenance of the time limit on investment code exemptions.

2

09/30/2008

MD

P1R0 macro rationale: To improve fiscal stance by reducing tax exemptions and increasing controls on exemptions granted by the investment code. At R1, completed with a delay of one day; the investment code has been adopted.

1

2

2008-09-30

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

SB

20.1

1.1. Revenue measures, excluding trade policy

Introduce VAT and the common external tariff.

3

07/31/2009

SB

R1 macroeconomic rationale: To raise efficiency of tax collection, and offset potential losses on customs revenue due to the accession to EAC.

1

3

2009-07-31

N/A

596

BURUNDI

618

PRGF

2008-07-07

2,008

2011-07-06

2,011

N/A

2009-01-28

P1

R1

BLANK

SB

20.6

1.6. Expenditure auditing, accounting, and financial controls

Prepare and implement a sliding quarterly cash flow.

1

06/30/2009

SB

R1 macroeconomic rationale: Enhance budget execution and ensure coordination of monetary and budget policies.

1

2009-06-30

N/A