Burundi: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burundi

Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Burundi
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Volume/Issue: Volume 2021 Issue 242
Publication date: November 2021
ISBN: 9781557755476
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Exports and Imports , Economics- Macroeconomics , Money and Monetary Policy , Public Finance , International - Economics , article IV consultation report , response plan , financing gap , pandemic response , audit mechanism , SDR equivalent , COVID-19 , Imports , Debt sustainability analysis , Global , Africa , Sub-Saharan Africa

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Summary

Burundi is a fragile state with a history of political tensions and weak institutions. Before the Covid-19 pandemic, Burundi was recovering from an economic recession triggered by the 2015 political crisis stemming from the late President Nkurunziza’s decision to run for a third term. Real GDP growth was positive, at 1.8 percent in 2019, but difficult policy challenges persisted.