Russia

The IMF has announced emergency funding of USD 80.77 mln to Burkina Faso from its new food shock window to address urgent balance-of-payments needs and support vulnerable households, as approximately 16% of the country’s population is facing food insecurity due to the rise in prices for food and agricultural inputs across Africa. Major donors withdrawing their support is projected to reduce foreign financing to Burkina Faso, and the fiscal deficit is expected to remain high at 8% of GDP in 2023.