How will a New World Bank-financed project improve Burundi's business climate?
WASHINGTON, December 1, — A new World Bank-financed project aims to facilitate access to financing for micro, small and medium-sized enterprises and improve Burundi’s business climate in order to boost economic growth and job creation.
What is the Burundi Jobs & Economic Transformation project (jet)?
The Burundi Jobs and Economic Transformation Project (JET) has been designed to meet the urgent needs of the country’s private sector. It will primarily target beneficiaries in the private sector and public institutions contributing to its development.
Is the private sector the engine of economic growth in Burundi?
“ The private sector is the engine of economic growth in Burundi, and this project will address some of the challenges it faces.
How will Burundi support the development of micro and small businesses?
Support for the development of micro, small and medium-sized enterprises in Burundi will be achieved through greater, more secure and less costly access to credit, made possible by the strengthening of credit infrastructures and the introduction of new bank guarantee instruments and digital financial services.
Why is support to Burundian institutions important?
Support to Burundian institutions is important to create favorable conditions for the development of the private sector so that it can foster job creation and economic transformation,” notes Hawa Wagué, World Bank Country Manager for Burundi.
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