Economy Profile: Burundi - Doing Business

Doing Business 2013
Burundi
57
Strength of legal rights index (0–10) Index score: 3
Are secured creditors paid first (i.e. before general tax claims and employee claims) when a
debtor defaults outside an insolvency procedure?
Are secured creditors paid first (i.e. before general tax claims and employee claims) when a
business is liquidated?
Are secured creditors either not subject to an automatic stay or moratorium on enforcement
procedures when a debtor enters a court-supervised reorganization procedure, or the law
provides secured creditors with grounds for relief from an automatic stay or
Does the law allow parties to agree in a collateral agreement that the lender may enforce its
security right out of court, at the time a security interest is created?
No
No
Yes
No
Depth of credit information index (0–6)
Private credit
bureau
Public credit
registry
Index score: 1
Are data on both firms and individuals distributed? No Yes 1
Are both positive and negative data distributed? No No 0
Does the registry distribute credit information from
retailers, trade creditors or utility companies as well
as financial institutions?
Are more than 2 years of historical credit information
distributed?
Is data on all loans below 1% of income per capita
distributed?
Is it guaranteed by law that borrowers can inspect
their data in the largest credit registry?
No No 0
No No 0
No No 0
No No 0
Note: An economy receives a score of 1 if there is a "yes" to either private bureau or public registry.
Coverage
Private credit bureau Public credit registry
Number of firms 0 824
Number of individuals 0 12,702
Source: Doing Business database.