We expect Burkina Faso's GDP growth to be supported by foreign direct investment in the gold sector and public investment, while general government debt remains moderate. Key fiscal challenges for Burkina Faso will be gradually phasing out donor grants and the management of 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 strong GDP growth and assumes that domestic social challenges will not lead to institutional disruptions. On Dec. 6, 2013, Standard&Poor's Ratings Services affirmed its 'B/B' long- and short-term sovereign credit ratings on Burkina Faso. The outlook is stable. The transfer and convertibility (T&C) assessment
