Country Report Burundi February 2011

Foreign trade and payments: World Bank announces economic support grant

The World Bank announced that it had just approved a US$25m grant to support economic reforms in the country on December 9th. The grant will focus on two areas: budgeting and planning; and improving the business environment and performance of the tea and coffee sectors. The World Bank's vice-president for Africa, Obiageli Ezekwesili, visited the country in November, and angered the government by suggesting that it suffered from both a skills shortage and a corruption problem. The Bank's grant announcement, however, made no reference to this, and instead noted the country's progress towards macroeconomic stability.

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