The European Union says it is lifting its financial sanctions against Burundi
It cited a peaceful political environment and progress by the Burundian government in several areas, including human rights and the voluntary return of refugees into the country.
It however noted that persistent challenges remained in the areas of human rights, good governance, reconciliation and the rule of law.
The lifting of sanctions by the EU follows a similar decision by the United States last year.
President Évariste Ndayishimiye welcomed the decision and said the country was ready to cooperate with all partners.