What is the economic outlook for Burundi?

This rapid growth was achieved thanks to reforms that contributed to improved macroeconomic and fiscal management. Although economic growth has slowed in the recent years, averaging 1.4% per year from 2019 to 2022, Burundi has significant development potential, and the economic outlook remains positive.

What is the Burundi country economic memorandum (Cem)?

The World Bank’s Burundi Country Economic Memorandum (CEM) explores how boosting trade and increasing productivity and private sector activity in agriculture represent key opportunities for Burundi to increase food production, create jobs, and support sustainable economic growth.

What are the main exports of Burundi?

Burundi's primary exports are coffee and tea, which account for more than half of foreign exchange earnings. Thus, Burundi's export earnings - and its ability to pay for imports - rest primarily on favorable weather conditions and international coffee and tea prices, although exports are a relatively small share of GDP.

How to boost economic growth in Burundi?

The authorities agreed that boosting economic growth will require ambitious structural reforms and rigorous project implementation. They noted that climate change poses a challenge to growth in Burundi and emphasized that the two new banks for the youth and women will be useful in that regard. 43.

How does Burundi pay for imports?

Thus, Burundi's export earnings - and its ability to pay for imports - rest primarily on favorable weather conditions and international coffee and tea prices, although exports are a relatively small share of GDP. Burundi is heavily dependent on aid from bilateral and multilateral donors, as well...

Does Burundi have a good economy?

Gross domestic product (GDP) growth averaging about 4.5% from 2014 to 2017 placed Burundi’s economic performance close to the Sub-Saharan Africa average of 5%. This rapid growth was achieved thanks to reforms that contributed to improved macroeconomic and fiscal management.