Burundi: Recent Economic Developments
December 15, 1997
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This paper describes economic developments in Burundi during 1993–97. The external current account (excluding grants) narrowed significantly during 1993–95, owing mainly to strong international export prices for coffee and subdued demand for imports. This trend continued in 1996 with a further compression of imports stemming from a sharp reduction in project aid and the economic embargo. The overall balance of payments shifted from a surplus of 0.2 percent of GDP in 1995 to a deficit of 7.3 percent mainly as a result of a sharp drop in external financial assistance.
Subject: Agricultural commodities, Commercial banks, Commodities, Economic sectors, Exports, Financial institutions, International trade, Monetary base, Money, Public enterprises
Keywords: Agricultural commodities, broad money, Burundi, Commercial banks, CR, debt service, establishment, Exports, ISCR, Monetary base, price, pricing system, private sector, producer price, Public enterprises, rate of inflation, Sub-Saharan Africa, U.S. dollar
Pages:
98
Volume:
1997
DOI:
Issue:
114
Series:
Country Report No. 1997/114
Stock No:
1BDIEA0011997
ISBN:
9781451802788
ISSN:
1934-7685
