Burundi’s economy in free fall as aid cuts bite

Police walk away from protestors in the Cibitoke neighbourhood of Bujumbura, Burundi, on May 5, 2015. Several donors have suspended aid to Burundi due to violence in the country. PHOTO | FILE |

The Burundi government is struggling to meet its financial obligations following the suspension of aid and diminishing revenues from taxes and exports in the face of a political crisis that has been unfolding in the East African country this year.

Western countries — led by the European Union, the United States, Belgium and the Netherlands — have withheld more than $190 million in aid in attempts to get President Pierre Nkurunziza to negotiate with the opposition.