Guinea : Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report and Press Release

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

February 27, 2014

Electronic Access:

Free Full Text (PDF file size is 1798 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

This paper discusses Guinea’s Third Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF), and Financing Assurances Review. The macroeconomic environment in 2013 was difficult, reflecting the fragile socio-political situation and a sharp slowdown in mining sector projects. As a result, growth is estimated to have slowed to 2.5 percent, sharply below the projected 4.5 percent. Inflation continued to fall and at end-2013 was 10.5 percent year-over-year. Performance under the ECF-supported program remains satisfactory. IMF Staff supports the completion of the third review under the ECF arrangement and completing the financing assurances review.

Series:

Country Report No. 14/63

Subject:

Notes:

Also available in French

English

Publication Date:

February 27, 2014

ISBN/ISSN:

9781484322505/1934-7685

Stock No:

1GINEA2014001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

77

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