布隆迪：2026年第四条协商新闻稿；员工报告；布隆迪执行主任的发言

2026 ARTICLE IV CONSULTATION—PRESS RELEASE;STAFF REPORT; AND STATEMENT BY THE EXECUTIVEDIRECTOR FOR BURUNDI Under Article IV of the IMF’s Articles of Agreement, the IMF holds bilateral discussionswith members, usually every year. In the context of the 2026 Article IV consultation withBurundi, the following documents have been released and are included in this package: •APress Releasesummarizing the views of the Executive Board as expressed during itsJune 16, 2026 consideration of the staff report that concluded the Article IVconsultation with Burundi. •TheStaff Reportprepared by a staff team of the IMF for the Executive Board’sconsideration on June 16, 2026, following discussions that ended on May 8, 2026 withthe officials of Burundi on economic developments and policies. Based on informationavailable at the time of these discussions, the staff report was completed on June 3,2026. •AnInformational Annexprepared by the IMF staff. •ADebt Sustainability Analysisprepared by the staff of the IMF and the World Bank. •AStatement by the Executive Directorfor Burundi. TheIMF’s transparency policy allows for the deletion of market-sensitive information andpremature disclosure of the authorities’ policy intentions in published staff reports andother documents. Copies of this report are available to the public from International Monetary Fund•Publication ServicesPO Box 92780•Washington, D.C. 20090Telephone: (202) 623-7430•Fax: (202) 623-7201E-mail:publications@imf.org Web:http://www.imf.org International Monetary FundWashington, D.C. IMF Executive Board Concludes2026Article IV ConsultationwithBurundi FOR IMMEDIATE RELEASE Washington, DC–June16,2026:The Executive Board of the International Monetary Fund(IMF) concluded the Article IV consultation1withBurundi. Burundi remains a fragile post-conflict country facing weak institutions, widespread poverty,and spillovers from conflict in neighboring DRC.Economic conditions improved in 2025, withgrowth reaching 4.2 percent on the back of stronger coffee and gold exports, while inflation fellsharply from 45 percent in April 2025 to 8.6 percent in April 2026. External vulnerabilities remain elevated: the current account deficit is large, reserves coveronly 1.6 months of imports, and the official exchange rate appears significantly overvalueddespite a narrower parallel market premium.In January 2026, the authorities adopted aMacroeconomic Stabilization Plan focused on fiscal consolidation, tighter monetary policy, FXreforms, and structural reforms in key sectors. Monetary policy has tightened, with centralbank financing of the government frozen, slowing money growth and reducing excess liquidity,though private sector credit has weakened.Fiscal policy has also tightened, supported byspending restraint and improved tax collection, but risks persist from revenue shortfalls, weakinvestment execution, arrears, and high domestic financing needs.Public debt declined from53 percent of GDP in 2024 to 42 percent in 2025. While debt is assessed as sustainable,Burundi remains at high risk of external and overall debt distress given ongoing vulnerabilities. The outlook remains broadly positive despite the war in the Middle East, with growth projectedat 3.9 percent in 2026 and averaging 4.3 percent over 2027–31, supported by electrification,agriculture, mining, investment, and structural labor shifts.The near-term impact of the war isexpected to be limited, reflecting favorable terms of trade and low global trade integration.Inflation is projected to rise to 14.5 percent in 2026 before easing to 11.5 percent by 2031.External balances are expected to improve, driven by stronger agriculture and mining exports,while FDI related to electrification supports the financial account and raises reserves to 2.8months of imports by 2031.A tighter fiscal stance is projected to reduce public debt to 32percent of GDP by 2031. Risks are tilted to the downside in the near term, including fiscalslippages ahead of the 2027 elections and external shocks from weaker export prices orhigher fueland fertilizer costs. Executive Board Assessment2 Executive Directors agreed with the thrust of the staff appraisal. They welcomed the improvedeconomic conditions and commended the authorities for adopting the MacroeconomicStabilization Plan. Directors noted the broadly positive economic outlook, although risks aretilted to the downside. In this context, Directors emphasized that sustained fiscal prudence,monetary policy tightening, and Foreign Exchange (FX) reforms are crucial to achievingmacroeconomic stabilization and boosting inclusive growth. Engagement with the Fund,including through capacity development, and other partners also remains key. Directors welcomed the ongoing fiscal consolidation and the discontinuation of monetaryfinancing. While acknowledging the authorities’ ambitious medium-term fiscal framework,Directors supported a more gradual debt reduction path preserving priority social anddevelo