Burundi Shrugs Off EU Suspension of Direct Aid Over CrisisBy
Burundi’s government said a European Union suspension of financial support won’t have a serious effect on the country, where an 11-month political crisis has left more than 440 people dead.
The EU on Monday said it was freezing some aid, including budget support, to the East African nation until the government backs a multi-party dialogue overseen by regional mediators. Burundi has been rocked by unrest since President Pierre Nkurunziza decided in April to stand for a third term in the face of popular opposition.
“Burundi will survive this decision,” Foreign Minister Alain Aime Nyamitwe told reporters Tuesday in the capital, Bujumbura. “We will learn to live within the existing means and collaborate with new partners,” he said, without specifying who those would be.
The EU’s decision freezes 322 million euros ($357 million) of support, Patrick Spirlet, the bloc’s ambassador to the country, told reporters on Tuesday. Aid to the population and displaced people won’t be affected, he said.
The United Nations has warned the country risks sliding back into a civil conflict that could spill over into a region that includes the Democratic Republic of Congo, Africa’s biggest copper producer. More than a quarter of a million people have fled Burundi over the past year, with about half of them seeking shelter in neighboring Tanzania, according to the UN.
To continue reading this article you must be a Bloomberg Professional Service Subscriber.
If you believe that you may have received this message in error please let us know.
- Deutsche Bank Inadvertently Made a $35 Billion Payment in a Single Transaction
- U.S. Stocks Decline on Tech Woes, Treasuries Slide: Markets Wrap
- Why a Cashmere Sweater Can Cost $2,000 … or $30
- Billionaire Banking Heir Matthew Mellon Dies at 54
- The U.K. Just Went 55 Hours Without Using Coal for the First Time in History