Burundi: 2008 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive
2008 Article IV Consultation and Request for Three-Year Arrangement Under the Poverty Reduction and Growth Facility: Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Burundi
Volume/Issue:
Volume 2008
Issue 282
Publication date: August 2008
ISBN: 9781451802962
$18.00
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Banks and Banking , Inflation , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Public Policy - Social Services and Welfare , ISCR , CR , statement by Peter J , Gakunu , executive director for Burundi , PRGF arrangement , statement , PRGF loan , PRGF-supported program , Inflation , Structural reforms , Food prices , Global , Africa
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Summary
This 2008 Article IV Consultation highlights that Burundi is emerging slowly from more than a decade of civil conflict. GDP per capita is about US$139, and only 18 percent of the population is food secure. Economic growth slowed down while inflation increased in 2007. External developments were dominated by a decline in exports and a sharp rise in grants. Executive Directors have commended the authorities for the progress they have made in implementing Burundi’s first Poverty Reduction and Growth Facility-supported program in a difficult post-conflict environment.
