The characteristics of Burundian coffee and the development of Burundian coffee

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Features of Burundian coffee:

Burundi has the most diverse and successful coffee industry in the world, and has its own characteristics. Burundian coffee is fragrant and has excellent acidity.

Coffee development in Burundi

Burundi is an agricultural and animal husbandry country and one of the least developed countries in the world declared by the United Nations. The difficulty of its economic development lies in its small country, large population, poor resources and no access to the sea. In 1991, the Burundian government signed a structural adjustment plan agreement for the third phase (1991-1994) with the International Monetary Fund, which emphasized giving priority to the development of agriculture, fostering diversified economy, developing the processing of agricultural products, improving transportation, expanding foreign trade, rectifying state-owned enterprises and privatization, etc., and carry out comprehensive reforms. In 1992, the gross domestic product was 229.1 billion francs. The monetary unit is the Burundian franc and the exchange rate is 262.1 francs to the United States dollar (10 December 1993).

There are many problems in the economic and social development of Burundi. Among them, first, due to the limited betrothal price in the country, the smooth implementation of the development plan for Burundi depends to a large extent on external support; second, due to the lack of high-quality personnel and necessary equipment, administrative efficiency is still underground; third, the market lacks transparency; fourth, there are not many commodities available for export; fifth, the infrastructure is backward, social services are poor and the market is small; and sixth, the unemployment problem is serious.

The main export products are coffee, tea, cotton, leather and so on, while imports are industrial raw materials, machinery and equipment and consumer goods. The largest trading partner is the European Community. The main targets are Belgium, Germany, France, the United Kingdom, the United States and Japan. Foreign aid mainly comes from Belgium, France, Germany, as well as the European Community and United Nations agencies. 2011 main economic indicators GDP $1.6 billion currency name Burundian franc (Brown) per capita GDP $1 = 1261 Brown economic growth rate 4 per cent inflation 9.7 per cent Burundi banking sector

Under the provisions of the Burundian Central Bank Act and the Banking Supervision Act, Burundian banks and financial institutions are under the unified leadership of the Burundian Ministry of Finance. The Bank of the Republic of Burundi exercises the function of a central bank, advances to the national treasury, sets the official exchange rate and issues currency under the guidance of the government, determines the ceiling of loans and manages foreign exchange.