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The National Bank for Economic Development was created in 1967, 5 years after the political independence of the country with a very specific mission: To solve the problems of economic development of the country mainly in rural areas, by financing small and medium enterprises but also microcredits. When it was created, the public authorities had a vision to equip themselves with an instrument for financing development projects to support the young economy of a country that has become politically mature. The friends of Burundi and former tutors, namely Belgium through the Directorate General for Development Cooperation and Germany through the KFW, also took part in this noble project. France is also involved through AFD as well as the whole of Europe through the European Investment Bank. To be effective, this Institution received management autonomy as well as full powers. It could, on its own behalf or that of third parties, carry out operations such as the mobilization of internal a

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