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Rice Fields in Benty, Forécariah, Guinea. Photo by

Guinea Resident Representative Site

Resident Representative Office in Guinea

This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Guinea and the IMF. Additional information can be found on Guinea and the IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Guinea.

News and Highlights

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IMF's Catastrophe Containment and Relief Trust

Frequently Asked Questions on the Catastrophe Containment and Relief Trust click for more

NewsLIC

A Newsletter of the IMF on Low-income countries; November 2012 click for more

The Implications of the Global Financial Crisis for Low-Income Countries; International Monetary Fund; March 2009.

The global financial crisis is expected to have a major impact on low-income countries(LICs), especially in sub Saharan Africa—and urgent action is required by LIC policymakers and the international community. click for more

IMF Survey: Sound Policies, Support Can Help Africa Ride Crisis

IMF Managing Director Dominique Strauss-Kahn says Africa will not be spared the consequences of the global crisis and that the significant gains many countries have made in recent years in the fight against poverty are now at risk. click for more

The world must not forget Africa during this crisis, A Commentary by Dominique Strauss-Kahn, Managing Director, International Monetary Fund

A Commentary by Dominique Strauss-Khan, Managing Director, International Monetary Fund. click for more

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Guinea and The IMF

Press Release: IMF Staff Completes Review Mission to Guinea

May 7, 2015

Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust-Staff Report; and Press Release

May 1, 2015
Series: Country Report No. 15/108
Notes:
Full text also available in French click for more

Press Release: IMF Executive Board Approves US$29.8 Million in Debt Relief Under the Catastrophe Containment and Relief Trust for Guinea

March 26, 2015

Transcript of a Press Briefing by William Murray, Deputy Spokesperson, Communications Department, IMF

March 26, 2015

Guinea: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation of Access and Extension of the Current Arrangement-Staff Report; Press Release; and Statement by the Executive Director for Guinea

February 17, 2015
Series: Country Report No. 15/39 click for more

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Regional Economic Outlook for Sub-Saharan Africa

image from the publication cover

Sub-Saharan Africa's economy is set to register another year of solid growth, although the expansion will be at the lower end of the range registered in recent years, mainly reflecting the severe impact of the sharp decline in oil prices on the region's oil exporters. In a context of tightening global financial conditions, the large fiscal and current account deficits that prevail in some countries could leave them vulnerable to a potential reduction in external financing. An uneven global recovery and domestic security-related challenges are also risks to the outlook. Against this backdrop, and beyond the immediate effects of the current shock, further progress toward diversification and structural transformation remains crucial to sustain high and inclusive growth, generate jobs for the rapidly growing young population, and foster integration into global value chains. Click for more



Toward a Monetary Union in the East African Community

Building Resilience in Sub-Saharan Africa's Fragile States

In late 2013 the East African Community (EAC) countries (Burundi, Kenya, Rwanda, Tanzania, and Uganda) signed a joint protocol setting out the process and convergence criteria for an EAC monetary union. The signing of the protocol represents a further step toward regional economic integration. It follows ratification of the protocols for a customs union (2005) and the common market (2010). Envisaged in 2024 is the introduction of a common currency to replace the national currencies of member countries.



Building Resilience in Sub-Saharan Africa's Fragile States

Building Resilience in Sub-Saharan Africa's Fragile States

Fragile states—states in which the government is unable to deliver basic services and security to the population—face severe and entrenched obstacles to economic and human development. While definitions of fragility and country circumstances differ, fragile states generally have a combination of weak and non-inclusive institutions, poor governance, low capacity, and constraints in pursuing a common national interest. As a result, these countries typically display an elevated risk of both political instability (including civil conflict), and economic instability (through a low level of public service provision, inadequate economic management, and difficulties to absorb or respond to shocks). Crises in such countries can also have significant adverse spillovers on other countries. In contrast, resilience can be defined as a condition where institutional strength, capacity, and social cohesion are sufficiently strong for the state to promote security and development and to respond effectively to shocks.

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African Banking : Opportunities and Challenges for Cross-Border Oversight

Pan-African banks are expanding rapidly across the continent, creating cross-border networks, and having a systemic presence in the banking sectors of many Sub-Saharan African countries. These banking groups are fostering financial development and economic integration, stimulating competition and efficiency, introducing product innovation and modern management and information systems, and bringing higher skills and expertise to host countries. At the same time, the rise of pan-African banks presents new challenges for regulators and supervisors. As networks expand, new channels for transmission of macro-financial risks and spillovers across home and host countries may emerge. To ensure that the gains from cross border banking are sustained and avoid raising financial stability risks, enhanced cross-border cooperation on regulatory and supervisory oversight is needed, in particular to support effective supervision on a consolidated basis. This paper takes stock of the development of pan-African banking groups; identifies regulatory, supervisory and resolution gaps; and suggests how the IMF can help the authorities address the related challenges.



IMF Opens Africa Training Institute in Mauritius

Africa Training Institute (ATI) Logo

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.



Resident Representative in Guinea

Abdoul Aziz Wane
Resident Representative in Guinea

1st floor, Training Center
Banque Centrale de la République de Guinée
3 Boulevard du Commerce
B.P. 692
Conakry
International telephone (1) 866 627 5636
Local telephone (224) 30 45 51 76
E-mail: RR-GIN@imf.org