International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Jan 23, 2024

International Monetary Fund (IMF) Staff Conducted Discussions for the First Review under the Extended Credit Facility Arrangement with Burundi

Discussions covered recent macroeconomic and policy developments, program performance, and near-term prospects and policy plans

A stronger economic recovery is projected for 2024, with real GDP expanding by 4.3 percent driven by agricultural production, investment, and reforms; rebounding from the estimated 2.7 percent growth in 2023; Recently-adopted policy adjustment measures, including fiscal consolidation under the revised 2023/24 budget (July—June), monetary policy (MP) tightening, and foreign exchange…

Source: International Monetary Fund (IMF) | Jul 18, 2023

International Monetary Fund (IMF) Executive Board Approves a US$271 million 38-month Arrangement Under the Extended Credit Facility for Burundi

The decision allows an immediate disbursement of SDR 46.2 million (about US$ 62.6 million)

The Executive Board of the International Monetary Fund (IMF) approved a 38-month arrangement under the Extended Credit Facility (ECF) for Burundi. The arrangement will provide financing of SDR200.2 million (about US$271 million), with an immediate disbursement of SDR46.2 million (about US$62.6 million); Burundi faces protracted balance of payments needs with…

Source: International Monetary Fund (IMF) | Apr 11, 2023

Burundi Implements the International Monetary Fund’s Enhanced General Data Dissemination System

The implementation of the e-GDDS recommendation and the launch of the data portal—the National Summary Data Page —are a testament to Burundi’s commitment to data transparency

Burundi has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The implementation of the e-GDDS recommendation and the launch of the data portal—the National Summary Data Page —are a testament to Burundi’s commitment to data transparency. The e-GDDS is the first tier…

Source: International Monetary Fund (IMF) | Apr 10, 2023

International Monetary Fund (IMF) Reaches Staff-Level Agreement on a 40-Month Extended Credit Facility with Burundi

The Burundian authorities and IMF staff team have reached a staff-level agreement on a 40-month arrangement under the Extended Credit Facility (ECF) with access of SDR 200.2 million

IMF staff and Burundian authorities have reached a staff-level agreement on economic policies and reforms to be supported by a new 40-month arrangement under the Extended Credit Facility (ECF) of about US$ 261.7 million. The staff-level agreement is subject to IMF Management approval and consideration by the Executive Board. Burundi’s…

Source: International Monetary Fund (IMF) | Oct 01, 2022

International Monetary Fund (IMF) Staff Concludes Visit to Burundi

IMF staff held productive discussions with the authorities on recent macroeconomic and policy developments, and the authorities’ key policy priorities

Burundi’s economy remains resilient, although facing headwinds from the effects of the war in Ukraine. Real GDP is projected to continue to grow in 2022 and beyond. Inflationary pressures remain high, driven by rising food and energy prices; The current account deficit is projected to widen in 2022 mainly owing…

Source: International Monetary Fund (IMF) | Mar 17, 2022

IMF Staff Completes 2022 Article IV Consultation Mission to Burundi

IMF staff held productive discussions with the authorities on the recent economic developments

The Burundian economy recovered moderately in 2021 and is expected to strengthen further in 2022, despite the effects of the war in Ukraine. In the medium term, Burundi will continue to grapple with the challenges of balancing priority social, development and COVID-19-related spending with external and debt sustainability; the current account…

Source: International Monetary Fund (IMF) | Oct 26, 2021

IMF Executive Board Approves a US$76 Million Disbursement under the Rapid Credit Facility to Burundi to Address the COVID-19 Pandemic

The financial assistance will support the implementation of Burundi’s COVID-19 response plan aimed at limiting the disease spread

The COVID-19 pandemic and associated border closures resulted in a slowdown of Burundi’s economy, which threatens to deteriorate living standards; To address Burundi’s urgent balance of payments and fiscal needs, the IMF approved emergency financial assistance equivalent to about US$76.2 million under the Rapid Credit Facility; The financial assistance will…

Source: International Monetary Fund (IMF) | Jul 20, 2020

Coronavirus - Burundi: International Monetary Fund (IMF) Executive Board Approves US$7.6 Million Debt Relief to the Republic of Burundi Under the Catastrophe Containment and Relief Trust

The pandemic is affecting Burundi through an evolving domestic outbreak and economic spillovers from the global and regional environment

The IMF Executive Board approved debt relief under the Catastrophe Containment and Relief Trust to provide US$ 7.63 million (SDR 5.48 million) over the next 3 months, and potentially up to US$ 24.97 million (SDR 17.96 million) over the next 21 months; IMF debt relief will help free up resources…

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