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Burundi: IMF to Disburse U.S.$80 Million
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East African Business Week (Kampala)
12 November 2007
Posted to the web 12 November 2007
The International Monetary Fund has promised to disburse U.S. dollar 80 million before the end of 2007. This was indicated in press conference that was jointly held by Paul Mathieu from the IMF and the Burundi's finance minister, Ms Clotilde Nizigama. Paul Mathieu said that the government of Burundi has succeeded in stabilizing the inflation rate.
The disbursement of these funds is still conditioned on good governance, a census of all civil servants, and speeding up the demobilization process.
The Finance minister, Ms Clotilde Nizigama, indicated that the government will increase its effort to make the retroactive payment of a 34&percnt increase in salary for civil servants possible.
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