Surge in bank withdrawals sends economy into sharp downward spiral as Burundians flee violence and threat of civil war For the first time since the end of Burundi’s civil war a decade ago,the economy is set to contract – a clear indication of the devastating financial toll exacted by months of political upheaval. Hundreds of lives own been lost and tens of thousands of people own fled into neighbouring countries.
With the UN warning that Burundi stands on the brink of a war that could be disastrous for the fragile region, economic life in a country perennially close to the foot of the human development index (pdf) is grinding to a halt.
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Source: theguardian.com