{
  "title": "Burundi: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Burundi",
  "publication": "IMF Staff Country Reports, July 29, 2022",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2022/07/29/burundi-2022-article-iv-consultation-press-release-staff-report-and-statement-by-the-521554",
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  "summary": "This 2022 Article IV Consultation discusses that Burundi’s economy continues to navigate the challenging headwinds presented by the coronavirus disease 2019 pandemic and the impact of the war in Ukraine. Burundi’s public debt is sustainable; however, the risk of external debt distress is high.",
  "sections": [
    {
      "heading": "Economic outlook and growth projection",
      "content": "- Growth is expected to strengthen in 2022, to 3.3 percent.\n- Growth is dampened by inward spillovers of the war in Ukraine, which has compounded nascent domestic fuel shortages and transportation disruptions.\n- The economy continues to navigate challenging headwinds presented by the coronavirus disease 2019 pandemic and the impact of the war in Ukraine."
    },
    {
      "heading": "Debt sustainability and risk assessment",
      "content": "- Burundi’s public debt is sustainable.\n- The risk of external debt distress is high.\n- Debt is assessed as sustainable contingent on fiscal adjustment and robust export and growth performance.\n- Burundi is at high risk of debt distress."
    },
    {
      "heading": "External sector and reserves",
      "content": "- External imbalances are large.\n- Foreign exchange reserves coverage is below adequacy levels.\n- There is a large parallel exchange rate market premium.\n- External imbalances have been exacerbated by the pandemic and inward spillovers from the war in Ukraine."
    },
    {
      "heading": "Key findings (summary)",
      "content": "- Continued pandemic and war-related headwinds affecting the economy.\n- Modest strengthening of growth to 3.3 percent in 2022 amid disruptions.\n- Public debt judged sustainable, but external debt distress risk remains high.\n- Large external imbalances, low reserve coverage, and a pronounced parallel market premium.\n\nBurundi: 2022 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Burundi\n\n---\n\n Content in this bundle\n\n- 1bdiea2022001\n  - 1bdiea2022001 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1bdiea2022001 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 29, 2022",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9798400219122.002",
    "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.",
    "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 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.",
    "Continued pandemic and war-related headwinds affecting the economy.",
    "Modest strengthening of growth to 3.3 percent in 2022 amid disruptions.",
    "Large external imbalances, low reserve coverage, and a pronounced parallel market premium.",
    "**1bdiea2022001**"
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