Problems

Burundi’s financial sector is small and not well developed, and access to finance is a major obstacle for companies in the formal and informal sectors. Vulnerability in the banking sector has been aggravated by the rise in domestic debt resulting in the steady decline of credit to the private sector. Furthermore, given the country’s past fragility, investors consider Burundi a risky place for investments. Additionally, the banking sector in Burundi remains unaware of the climate-related opportunities and access to climate funds. As a result, Burundi is lagging behind its neighbouring countries in terms of finance approved by international climate funds [1].

Opportunities

[1]

  • Burundi needs to strengthen its financial sector.
  • It should also increase knowledge on opportunities for investments in climate change adaptation and mitigation and how to access financing for those investments.