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Acacia trees in Burundi (iStockphoto)

Burundi Resident Representative Site

Resident Representative Office in Burundi

This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Burundi and the IMF. Additional information can be found on Burundi and IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Burundi.

News and Highlights

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NewsLIC

A Newsletter of the IMF on Low-income countries; November 2012 click for more

IMF Outlook for Sub-Saharan Africa: Recovery and New Risks

The International Monetary Fund (IMF) today released the May 2011 Regional Economic Outlook: Sub-Saharan Africa. Ms. Antoinette Monsio Sayeh, Director of the IMF's African Department commented on the report's main findings: click for more

Africa Faces Twin Challenges After Global Crisis

With world recovery under way, Africa faces the twin challenges of reviving strong growth and reinforcing resilience to the economic shocks that regularly batter the continent, IMF officials say as Managing Director Dominique Strauss-Kahn embarks on a three-country visit to the region. click for more

Le secteur privé gagne du terrain en Afrique

Dans un entretien avec le Bulletin du FMI en ligne, Mme Antoinette Sayeh, directrice du Département Afrique, a expliqué que depuis quelques années, l’Afrique a fait preuve d’une plus grande ouverture à l’initiative privée. Comme par ailleurs le climat des affaires est devenu plus attrayant, les investissements étrangers sont restés abondants. click for more

Sub-Saharan Africa: Challenges for 2010

Remarks by Ms. Antoinette Sayeh, Director, African Department of the International Monetary Fund The Brookings Institution–November 19, 2009 click for more

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Burundi and The IMF

Toward a Monetary Union in the East African Community : Asymmetric Shocks, Exchange Rates, and Risk-Sharing Mechanisms

July 20, 2015
Author/Editor: Paulo Drummond ; Ari Aisen ; C. Emre Alper ; Ejona Fuli ; Sébastien Walker
Series: African Departmental Paper No. 15/6
 click for more

Transcript of a Press Briefing with William Murray, Deputy Spokesman, Communications Department

May 28, 2015

Burundi: Sixth Review Under the Extended Credit Facility Arrangement and Request for Extension and Augmentation of Access-Staff Report; Press Release; and Statement by the Executive Director for Burundi

April 1, 2015
Series: Country Report No. 15/88
Notes:
Also Available in French click for more

Press Release: IMF Executive Board Completes Sixth Review under Burundi’s ECF Arrangement, Augments Access and Approves US$6.9 Million Disbursement

March 23, 2015

Burundi -- Letter of Intent, Memorandum of Economic and Financial Policies, and Technical Memorandum of Understanding, March 04, 2015

March 4, 2015
PDF File Size: 355Kb click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more



Toward a Monetary Union in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

In late 2013 the East African Community (EAC) countries (Burundi, Kenya, Rwanda, Tanzania, and Uganda) signed a joint protocol setting out the process and convergence criteria for an EAC monetary union. The signing of the protocol represents a further step toward regional economic integration. It follows ratification of the protocols for a customs union (2005) and the common market (2010). Envisaged in 2024 is the introduction of a common currency to replace the national currencies of member countries.



Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.



IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.