02328cas a2200241 a 4500 AALejournalIMF021367 230101c9999 xx r poo 0 0eng d 5.00 USD 9781513561530 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. African Dept. Burkina Faso : Fourth and Fifth Reviews Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion and Rephasing of Access-Press Release; Staff Report; and Statement by the Executive Director for Burkina Faso. Washington, D.C. : International Monetary Fund, 2020. 1 online resource (97 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students The security crisis is worsening and is leading to disruption of basic public services and an unprecedented humanitarian crisis. The Covid19 outbreak and the authority's response to contain its spread further compounded the situation. Presidential and legislative elections are scheduled for November 2020. Outlook and risks. The economic impacts of the global and domestic measures to contain the spread of the COVID19 pandemic have been stronger than expected. Real GDP contracted by 1.4 percent and 8.6 percent (y-o-y) in the first and second quarters of 2020, respectively. The economic outlook remains uncertain, with growth expected to stand around -2.8 percent in 2020 (down from 6 percent forecast prior to the pandemic). Inflation is expected to pick up and reach 4.1 percent by end-2020. The fiscal deficit in 2020 is expected to widen to about 5.3 percent of GDP, to accommodate an effective response to the Covid19 and security shocks. The main risks to the outlook are the uncertainty surrounding the duration of the pandemic and the security crisis. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2020/304 Full text available on IMF http://elibrary.imf.org/view/journals/002/2020/304/002.2020.issue-304-en.xml IMF e-Library