OVERVIEW We expect Burkina Faso's GDP growth to be supported by foreign direct investment in the gold sector and public investment, while we forecast that general government debt will remain moderate. Key fiscal challenges for Burkina Faso will be gradually phasing out donor grants and managing gold-related revenues, while uncertainties regarding political transition remain. We are affirming our 'B/B' sovereign credit ratings on Burkina Faso. The stable outlook balances Burkina Faso's political risks and external vulnerabilities against good economic performances and our assumption that domestic social challenges will not lead to institutional disruptions. RATING ACTION On June 6, 2014, Standard&Poor's Ratings Services affirmed its 'B' long-term and 'B' short-term foreign and local currency sovereign credit ratings on Burkina
