The Financial Sector in Burundi

Janvier D. Nkurunziza, Léonce Ndikumana, Prime Nyamoya

NBER Working Paper No. 18289
Issued in August 2012

---- Acknowledgements -----

Janvier Nkurunziza is in charge of the Africa Section, Division for Africa, Least Developed Countries and Special Programs at UNCTAD, Geneva; Léonce Ndikumana is Andrew Glyn Professor of Economics in the Economics Department and Director of the African Policy Program at the Political Economy Research Institute (PERI) at the University of Massachusetts Amherst; Prime Nyamoya is the CEO of Organisation et Gestion Industrielle (OGI), Bujumbura, and former CEO of Banque de Crédit de Bujumbura (BCB), Burundi’s oldest bank. The authors thank the NBER Africa Project for funding support. The authors are grateful for constructive comments and suggestions from Lant Pritchett, Sebastian Edwards, and Simon Johnson (as lead discussants) and other participants at the NBER Africa Project meetings on 11-12 December 2009 in Cambridge, MA, and on 17 July 2010 in Accra, Ghana. The authors also thank Lionel R. Ngenzebuke and Christophe Niyonganji for excellent research assistance, and Elisa Pepe for diligently copy editing the paper. Thanks are also extended to the institutions and individuals who accepted to share their data with us. The opinions expressed in this paper are solely those of the authors and do not represent those of their institutions of affiliation. The views expressed herein are those of the authors and do not necessarily reflect the views of the National Bureau of Economic Research.

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