News Maharishi in the World Today

How We Present
the News







  
Burundi sees 2012 GDP growth at 4.8 pct

Reuters    Translate This Article
2 February 2012

BUJUMBURA (Reuters) - Burundi's economic growth will accelerate to 4.8 percent in 2012 and 6 percent by 2014 as the central African country diversifies its agricultural production and boosts investment in tourism and power production, its government said.

Inflation is expected to decline in 2012 while risks to the economy stem from high global oil costs that could fuel imported inflation and bouts of insecurity, the government wrote in a letter to the International Monetary Fund (IMF).

'During 2012, reflecting an improved business climate that will be accompanied by increased private investment, economic growth should accelerate to 4.8 percent, with a slightly declining, albeit relatively high, inflation rate,' it said in the letter dated December 19 but made public late on Wednesday.

'Exports of coffee and other agricultural products should increase strongly and offset the expected increase in imports, in particular petroleum products.'

The government estimates Burundi's economy grew 4.2 percent in 2011. Year-on-year inflation eased to 14.9 percent in December but the price of essential commodities threaten to add pressure to the rate.

Burundi is enjoying relative peace since emerging from a decade-long civil war, but attacks on civilians and security forces have risen, raising fears of a fresh rebellion.

Its economy is heavily dependent on agriculture revenues, in particular from tea and coffee.

'The government plans to limit the effects of the global crisis on the Burundian economy by adopting a more flexible exchange rate policy combined with prudent fiscal and monetary policies,' the letter said.

© Copyright 2012 Reuters

Reuters content is the intellectual property of Thomson Reuters or its third party content providers. Any copying, republication or redistribution of Reuters content, including by framing or similar means, is expressly prohibited without the prior written consent of Thomson Reuters. Thomson Reuters shall not be liable for any errors or delays in content, or for any actions taken in reliance thereon. 'Reuters' and the Reuters Logo are trademarks of Thomson Reuters and its affiliated companies. For additional information on other Reuters media services please visit reuters.com/newsagency.

Every day Global Good News documents the rise of a better quality of life dawning in the world from good news reported by the press; and highlights the need for introducing Natural Law based-Total Knowledge based-programmes to bring the support of Nature to every individual, raise the quality of life of every society, and create a lasting state of world peace.



Translation software is not perfect; however if you would like to try it, you can translate this page using:

(Google)
(Altavista babelfish)

Send Good News to Global Good News.

Your comments.


business news business-more

World News | Genetic Engineering | Education | Business | Health News

Search | Global News | Agriculture and Environmental News | Business News
Culture News | Education News | Government News | Health News
Science and Technology News | World Peace | Maharishi Programmes
Press Conferences | Transcendental Meditation | Celebration Calendars | Gifts
News by Country | News in Pictures | What's New | Modem/High Speed | RSS/XML