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Gloomy economic figures

    NAIROBI

    The second vice-president, Mathias Sinamenye, has presented gloomy figures to an economic workshop in Bujumbura. According to the Agence burundaise de presse (ABP), he said the overall deficit in public finance reached 23 billion francs in 1999 and foreign aid fell from 230 billion Burundi francs in 1993 to 17 million francs in 1999. He added that the ongoing security and political crisis had had a negative impact on the economy,
    reducing overall production by 20 percent and cutting the overall
    investment rate from 51.1 percent to 6 percent between 1993 and 1999.

    The agriculture sector in Burundi, which accounts for more than 50 percent of GDP and is the principal source of income for 90 percent of the rural population, has been adversely affected by the general insecurity. The current regroupment policy has also affected the agriculture sector.

    This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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