NAIROBI, April 19 The International Monetary
Fund has slashed its projection for Burundi's economic growth
this year to nil and projected just 0.1 percent in 2018.
It gave no specific reason for the 2017 revision from 2
percent, but Burundi has been suffering from a severe drought
like much of the wider region.
The poor, central African nation's economy has also been
battered by almost two years of political instability triggered
by President Pierre Nkurunziza's decision to seek a third term.
He secured re-election in July 2015 but some of his
opponents who insist extension of his rule violated the
The government has said it expects the economy to expand by
2.9 percent this year after shrinking in 2016.
But continuing instability has forced Burundi to rely on
modest revenues from coffee and tea exports for foreign exchange
after some western donors who blame the government for not
acting to end the violence suspended aid.
(Writing by Elias Biryabarema; editing by Duncan Miriri/Jeremy