Burundi's year-on-year inflation rate rose slightly to 10.4 percent in August from 10.1 percent in July, following a slower rise of food prices on local markets, the country's statistics board said on Friday.
The Executive Board of the International Monetary Fund (IMF) has completed the second review of Burundi’s performance under the program supported by the Extended Credit Facility (ECF). The Executive Board’s decision will allow for the disbursement of an amount equivalent to SDR 5 million (about US$7.6 million), bringing disbursements under the arrangement to an amount equivalent to SDR 10 million (about US$15.3 million). The Executive Board’s decision was taken on a lapse of time basis. Burundi’s three-year ECF arrangement was approved on January 27, 2012.