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Economic & Sector Work :: Country Economic Memorandum

Republic of Burundi - Country Economic Memorandum (CEM) : The Challenge of Achieving Stable and Shared Growth

ACCESS TO FINANCE ACCOUNTING ADMINISTRATIVE COSTS AGGREGATE DEMAND AGRICULTURAL ACTIVITY AGRICULTURAL INCOME AGRICULTURAL PRODUCTS AGRICULTURAL SECTOR AGRICULTURE ARREARS AUCTIONS AUDITS BALANCE OF PAYMENTS BANK ACCOUNTS BANK CREDIT BANKING INDUSTRY BANKING SECTOR BANKS BENEFICIARIES BENEFIT PAYMENTS BUDGET SUPPORT BUDGETING CAPACITY BUILDING CAPITAL ACCUMULATION CAPITAL STOCK CASH MANAGEMENT CENTRAL BANK COMMERCIAL BANKING COMMERCIAL CODE COMMUNITY AFFAIRS COMMUNITY ECONOMIC DEVELOPMENT COMPARATIVE ADVANTAGE COMPETITIVENESS COMPOSITION OF PUBLIC SPENDING CONSUMPTION EXPENDITURE COOPERATIVES CORRUPTION CURRENCY CURRENT ACCOUNT CURRENT ACCOUNT DEFICIT DEBT DECENTRALIZATION DECISION MAKING DEVELOPMENT ASSISTANCE DEVELOPMENT BANK DEVELOPMENT POLICY DISBURSEMENT DISBURSEMENTS DIVERSIFICATION DIVIDENDS DOMESTIC BORROWING DOMESTIC MARKET DONOR AGENCIES DONOR SUPPORT ECONOMIC ACTIVITY ECONOMIC DEVELOPMENT ECONOMIC DEVELOPMENTS ECONOMIC GROWTH ECONOMIC IMPACT ECONOMIC INCENTIVES ECONOMIC PERFORMANCE ECONOMIC PRIORITY ECONOMIC REFORMS EDUCATIONAL ATTAINMENT ELASTICITY EMPLOYMENT OPPORTUNITIES ENROLLMENT EQUIPMENT EXCHANGE RATE EXPECTED RETURN EXPENDITURE EXPENDITURES EXPLOITATIONS EXPORT CROPS EXPORT PERFORMANCE EXPORTS EXTERNAL FINANCE EXTERNAL FINANCING EXTERNAL SHOCKS FARMER FARMERS FINANCIAL ACCOUNTABILITY FINANCIAL ASSISTANCE FINANCIAL LIBERALIZATION FINANCIAL MANAGEMENT FINANCIAL PRODUCTS FINANCIAL SECTOR FINANCIAL SECTOR ASSESSMENT FISCAL DEFICIT FISCAL DEFICITS FISCAL DISCIPLINE FISHING FIXED CAPITAL FOREIGN DIRECT INVESTMENT FOREIGN FINANCING FOREIGN INVESTMENT FOREIGN INVESTMENT FLOWS GDP GDP PER CAPITA GNP GOVERNMENT EXPENDITURE GOVERNMENT FINANCE GOVERNMENT INTERVENTION GOVERNMENT POLICIES GOVERNMENT POLICY GOVERNMENT REVENUE GOVERNMENT REVENUES GOVERNMENT SPENDING GROSS DOMESTIC PRODUCT GROSS FIXED CAPITAL FORMATION GROWTH POLICY GROWTH POTENTIAL GROWTH RATE HOUSEHOLDS HUMAN CAPITAL HUMAN DEVELOPMENT INCOME INCOME LEVELS INCOME TAX INFLATION INFLATION RATE INFORMATION SYSTEM INSTITUTIONAL CAPACITY INSTITUTIONAL REFORMS INTERMEDIATE GOODS INTERNATIONAL DEVELOPMENT INTERNATIONAL STANDARDS INTERNATIONAL TRADE INVESTMENT CLIMATE INVESTOR PROTECTION JOB CREATION LABOR FORCE LACK OF ACCESS LAND USE LEGAL FRAMEWORK LIBERALIZATION OF TRADE LOCAL CURRENCY LOCAL GOVERNMENT LOCAL INFRASTRUCTURE MACROECONOMIC POLICIES MARKET PRICES MEDIUM-TERM EXPENDITURE MEDIUM-TERM EXPENDITURE FRAMEWORK MFI MFIS MICROCREDIT MICROFINANCE MICROFINANCE INSTITUTION MICROFINANCE INSTITUTIONS MINES MONETARY FUND MONETARY POLICY MORTGAGES OBSTACLES TO GROWTH OPERATIONAL INDEPENDENCE PEOPLES PER CAPITA INCOME PERFORMANCE ASSESSMENT PHYSICAL CAPITAL POLICY DECISIONS POLITICAL ECONOMY POLITICAL STABILITY POPULATION DENSITIES POPULATION GROWTH POVERTY REDUCTION POVERTY REDUCTION STRATEGY PRIVATE INVESTMENT PRIVATE SECTOR PRIVATIZATION PRODUCERS PRODUCTION FUNCTION PRODUCTIVE INVESTMENT PRODUCTIVE RESOURCES PRODUCTIVITY GROWTH PUBLIC EXPENDITURE PUBLIC EXPENDITURE MANAGEMENT PUBLIC EXPENDITURES PUBLIC FINANCE PUBLIC FINANCES PUBLIC INVESTMENT PUBLIC INVESTMENTS PUBLIC SPENDING RATE OF RETURN REAL GDP RECEIPTS RECURRENT EXPENDITURE RECURRENT EXPENDITURES REFUGEES REGULATORY FRAMEWORK REGULATORY INFRASTRUCTURE REMITTANCES RESOURCE ALLOCATION RETURN ON INVESTMENT SAVINGS SAVINGS RATES SMALL FARMERS SOCIAL WELFARE SOCIOECONOMIC INDICATORS TAX TAX CODE TAX EXEMPTIONS TAX INCENTIVES TAX POLICY TAX REGIME TAX REVENUE TAX REVENUES TECHNICAL ASSISTANCE TOTAL FACTOR PRODUCTIVITY TOTAL REVENUE TRADE DIVERSION TRANSPARENCY TRUST FUND UNION URBAN AREAS VALUE ADDED
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World Bank
Africa | Sub-Saharan Africa | Central Africa | Burundi
2012-03-19T10:13:04Z | 2012-03-19T10:13:04Z | 2011-03-01

This Country Economic Memorandum (CEM) is the first for Burundi since the 1980s. It has been developed in collaboration with the government of Burundi. The CEM has been prepared in cooperation with the African development bank and the U.K. department for international development. Burundi is one of the poorest countries in the world, and has suffered from many years of civil conflict and its consequences. In the last years, peace has been established and a promising recovery of the economy has started. Economic growth rates, however, are not in line with what has been projected in the latest poverty reduction strategy paper (September 2006). Real Gross Domestic Product (GDP) growth had been projected to average almost 7 percent between 2006 and 2009 in that strategy paper, but actual growth will average just above 4 percent for the same period. The report reviews the economic developments in the past and tries to identify the most binding constraints to growth. The CEM then sets out a strategy to address these constraints to promote increased and participatory growth, reduce poverty, and improve the livelihood of the population. The report draws on a number of background studies conducted on various subjects relevant to the country's economic development and on existing reports and studies from the government of Burundi, the World Bank, other donors, and academics. The CEM provides a synthesis of various recommendations and attempts to prioritize and sequence key actions.

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