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Burundi Targets Middle-income Status by 2040

3 Min Read

President Evariste Ndayishimiye is mobilising all Burundians both home and abroad to pool their skills and resources and develop Burundi.

Last week his government organized from November 18 to 19, 2021 a national forum on development, 1st edition.

“Together everything is possible,” President Ndayishimiye in his opening remarks at the forum convened at the Kigobe hemicycle in the town hall of Bujumbura.

According to him, it is possible, there are no thorns under our feet that prevent us from walking towards effective and inclusive development.

He deplored the unusual behaviour which encourages laziness, in particular the “benefactors and the commissioners”.

These kinds of behaviours prevent citizens from working and cause them to develop dependency. He underlined that the commissionaires are the vectors of underdevelopment. He also indicated that the flight of capital and brains remains one of the factors that handicap Burundi’s economic growth.

However, Ndayishimiye said that despite the challenges related to the instability of the macroeconomic framework, business opportunities abound in Burundi.

He cited the untapped sectors including industry, ecotourism, vocational education, social housing, logistics, health care, energy and ICTs etc.

For this 1st edition, 8 themes were on the agenda including rural development and food self-sufficiency, the macroeconomic framework for stability and sustained economic recovery, strengthening of human capital, development of the private sector, digitization. to stimulate development, the effectiveness of development aid, etc.

Among the other urgent recommendations resulting from this forum were the issue of foreign exchange, speed in monitoring the management and implementation of projects financed by technical and financial partners.

The other recommendation comes within the framework of monitoring and tracing export earnings and the use of foreign exchange granted to finance imports.

In the public finance sector, it is recommended to monitor the mechanisms for granting and monitoring exemptions and monitoring the execution of the public budget. Digitizing the system for collecting, processing and sharing information, and setting up consultation frameworks are also recommended for greater transparency.

The objective of this forum was to mobilize all the skills of Burundians living in Burundi and abroad to give their contributions to the various reflections and actions aimed at making Burundi an emerging country by 2040.