Cover IMF Staff Country Reports
Burundi: Recent Economic Developments
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1997: Issue 114
Language:
English
Publication Date:
15 Dec 1997
DOI:
https://doi.org/10.5089/9781451802788.002
ISBN:
9781451802788
ISSN:
1934-7685
Pages:
98
Keywords:
ISCR; CR; price; establishment; Burundi; pricing system; rate of inflation; broad money; private sector; debt service; producer price; U.S. dollar; Agricultural commodities; Monetary base; Exports; Commercial banks; Public enterprises; Sub-Saharan Africa
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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.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1997: Issue 114