The IMF Country Reports Series covers economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with officials of the country, is published at the option of the member.
This Joint Staff Advisory Note focuses on the Poverty Reduction Strategy Paper-Annual Progress Report (APR) for Burundi. Slow implementation of structural reforms, a sharp decline in coffee production, and the unstable security situation are largely responsible for lower-than-expected economic growth. Poor weather conditions and rising international petroleum and food prices are the main factors behind the faster-than-expected increase in domestic consumer prices. The APR also discusses the issue of regional economic integration, which is one of the elements that will shape medium-term economic developments in Burundi.