{"id":235,"date":"2013-07-22T09:20:26","date_gmt":"2013-07-22T09:20:26","guid":{"rendered":"http:\/\/afrifacto.com\/burundi\/financial-sector\/"},"modified":"2016-06-07T13:03:14","modified_gmt":"2016-06-07T13:03:14","slug":"financial-sector","status":"publish","type":"page","link":"https:\/\/afrifacto.com\/burundi\/financial-sector\/","title":{"rendered":"Financial Sector"},"content":{"rendered":"<p>Burundi has a relatively small developing financial sector which is dominated by banking with over 75 % of total economy assets. The insurance companies are regulated by the Insurance Regulation and Control Agency.<\/p>\n<p><strong>Role of financial sector<\/strong><\/p>\n<ul>\n<li>Source of government revenue through taxes<\/li>\n<li>Financial sector is a source of employment to the people in the country<\/li>\n<li>Financial sector\u2019s ability to play its role of mobilizing savings, conducting effective intermediation among the Burundi people<\/li>\n<li>The sector create appropriate environment, developing institutions and fostering market incentives for the development of long-term financial instruments<\/li>\n<li>Financial institutions help in reducing risks for\u00a0 banks<\/li>\n<li>The sector also contributes to the process of economic development of the country through advancing loans to different sectors and individuals<\/li>\n<\/ul>\n<p><strong>Regulatory Framework in the Financial<\/strong><\/p>\n<p><strong>Ministry of Finance and Economic Development Planning<\/strong><\/p>\n<p>The Ministry is charged with implementing Burundi\u2019s financial and monetary policy and contributing to sound management of public finances, economic and social development.<\/p>\n<p><strong>The Bank of the Republic of Burundi (BRB)<\/strong><\/p>\n<p>The Bank of the Republic of Burundi (BRB) is the central bank which regulates the financial sector.<\/p>\n<p><strong>Insurance Regulation and Control Agency<\/strong><\/p>\n<p>Insurance companies are regulated by the Insurance Regulation and Control Agency in Burundi.<\/p>\n<p>The Financial Sector of Burundi has been summarized to include the following<\/p>\n<p><a href=\"http:\/\/afrifacto.com\/burundi\/burundi-financial-sector-profile\/\">Financial Sector Profile of Burundi<\/a><\/p>\n<p><a href=\"http:\/\/afrifacto.com\/burundi\/financial-institutions-burundi\/\">Financial Institutions<\/a><\/p>\n<p><a href=\"http:\/\/afrifacto.com\/burundi\/investment-opportunities-financial-sector\/\">Investment opportunities In Financial sector<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>Burundi has a relatively small developing financial sector which is dominated by banking with over 75 % of total economy assets. The insurance companies are regulated by the Insurance Regulation and Control Agency. Role of financial sector Source of government revenue through taxes Financial sector is a source of employment to the people in the [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":0,"parent":0,"menu_order":26,"comment_status":"closed","ping_status":"closed","template":"","meta":{"footnotes":""},"class_list":["post-235","page","type-page","status-publish","hentry"],"blocksy_meta":{"styles_descriptor":{"styles":{"desktop":"","tablet":"","mobile":""},"google_fonts":[],"version":8}},"jetpack_sharing_enabled":true,"jetpack_shortlink":"https:\/\/wp.me\/P4Xm5Y-3N","_links":{"self":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages\/235","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages"}],"about":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/types\/page"}],"author":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/comments?post=235"}],"version-history":[{"count":0,"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/pages\/235\/revisions"}],"wp:attachment":[{"href":"https:\/\/afrifacto.com\/burundi\/wp-json\/wp\/v2\/media?parent=235"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}