Burundi : Recent Economic Developments.

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 compr...

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Bibliographic Details
Corporate Author: International Monetary Fund
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 1997.
Series:IMF Staff Country Reports; Country Report ; No. 1997/114
Online Access:Full text available on IMF
Description
Summary: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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Physical Description:1 online resource (98 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students