Once isolated by sanctions and decades of instability, Burundi is now seeking to restore its economy and re-engage with international lenders and investors. – Burundi seeks revival amid crisis
President Évariste Ndayishimiye has pledged to reform one of Africa’s most closed political systems, aiming to attract foreign capital after years of economic stagnation under his predecessor, Pierre Nkurunziza.
• GDP per capita: less than $200, among the world’s lowest (World Bank)
• Foreign commitments: up to $4bn, including major energy and infrastructure projects
• Inflation: around 40%
• Poverty rate: nearly 63% living on under $2.15/day
While Ndayishimiye promotes good governance and anti-corruption reforms, critics and human rights groups say repression and corruption remain widespread.
The IMF and World Bank have cautiously re-engaged, but a distorted exchange rate, fuel shortages, and limited foreign currency reserves continue to strain the economy.
Opposition leader Agathon Rwasa counters the president’s optimism: “Burundi is not the paradise he wants to showcase. The situation is catastrophic.”
Source: Financial Times
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