Economy Profile: Burundi - Doing Business

Doing Business 2013
Burundi
97
RESOLVING INSOLVENCY
What are the changes over time?
While the most recent Doing Business data reflect the
efficiency of insolvency proceedings in Burundi today,
data over time show where the efficiency has
changed—and where it has not (table 11.1). That can
help identify where the potential for improvement is
greatest.
Table 11.1 The ease of resolving insolvency in Burundi over time
By Doing Business report year
Indicator
Rank
DB2004 DB2005 DB2006 DB2007 DB2008 DB2009 DB2010 DB2011 DB2012 DB2013
.. .. .. .. .. .. .. .. 160 161
Time (years)
no
practice
no
practice
5.0 5.0 5.0 5.0 5.0 5.0 5.0 5.0
Cost (% of estate)
no
practice
no
practice
30 30 30 30 30 30 30 30
Recovery rate
(cents on the 0.0 0.0 6.4 6.8 7.0 6.8 6.8 8.1 8.4 8.0
dollar)
Note: n.a. = not applicable (the economy was not included in Doing Business for that year). DB2012 rankings shown are not last
year’s published rankings but comparable rankings for DB2012 that capture the effects of such factors as data corrections and the
addition of 2 economies (Barbados and Malta) to the sample this year. “No practice” indicates that in each of the previous 5 years
the economy had no cases involving a judicial reorganization, judicial liquidation or debt enforcement procedure (foreclosure). This
means that creditors are unlikely to recover their money through a formal legal process (in or out of court). The recovery rate for
“no practice” economies is 0.
Source: Doing Business database.