Burundi: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Burundi
IMF Staff Country Reports, July 29, 2022
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- Burundi: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Burundi
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Bibliographic details
- Published: July 29, 2022
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400219122.002
Economic outlook and growth projection
- Growth is expected to strengthen in 2022, to 3.3 percent.
- Growth is dampened by inward spillovers of the war in Ukraine, which has compounded nascent domestic fuel shortages and transportation disruptions.
- The economy continues to navigate challenging headwinds presented by the coronavirus disease 2019 pandemic and the impact of the war in Ukraine.
Debt sustainability and risk assessment
- Burundi’s public debt is sustainable.
- The risk of external debt distress is high.
- Debt is assessed as sustainable contingent on fiscal adjustment and robust export and growth performance.
- Burundi is at high risk of debt distress.
External sector and reserves
- External imbalances are large.
- Foreign exchange reserves coverage is below adequacy levels.
- There is a large parallel exchange rate market premium.
- External imbalances have been exacerbated by the pandemic and inward spillovers from the war in Ukraine.
Key findings (summary)
- Continued pandemic and war-related headwinds affecting the economy.
- Modest strengthening of growth to 3.3 percent in 2022 amid disruptions.
- Public debt judged sustainable, but external debt distress risk remains high.
- Large external imbalances, low reserve coverage, and a pronounced parallel market premium.
Burundi: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Burundi
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