Guinea Resident Representative Site

Resident Representative Office in Guinea

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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

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. 

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. 

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. 

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Guinea and The IMF

Press Release: Statement by an IMF Mission to the Republic of Guinea

October 2,2008

Guinea: First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criteria, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review - Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea

August 8,2008
Series: Country Report No. 08/275
Notes: Full text also available in French. 

Guinea -- Letter of Intent and Technical Memorandum of Understanding, June 27, 2008

August 5,2008
Also available in French PDF File Size: 272Kb 

Press Release: IMF Executive Board Completes First Review under PRGF Arrangement for Guinea, Increases Financial Assistance to Mitigate Food and Fuels Price Impact, and Approves US$28.7 Million Disbursement

July 28,2008

IMF Survey:

March 19,2008
Work Program, IMF Reform, Local Bond Markets, Lipsky Sees Slower Growth, Climate Change, Lipsky Interviewed, Fiscal Spending in G-7, Korea Health Check, Loan for Guinea, Technical Assistance, Indonesia, Chile's Economy, IEO, Conditionality, News Briefs PDF File Size: 774Kb 

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Regional Economic Outlook for Sub-Saharan Africa

Sub-Saharan Africa has been hit hard by the global recession, but signs of resilience remain. While South Africa and some other middle-income countries were caught in the turbulence of international financial markets, and oil exporters saw government revenues plunge, some countries with wider commodity bases have so far escaped the worst of the crisis. Also, and reassuringly, with stronger initial fiscal and external positions than in past downturns, most countries in the region have been able to partially absorb external shocks by allowing fiscal deficits to rise and reducing interest rates. Exchange rates have generally been allowed to adjust. With many families affected by the crisis, however, progress toward the Millennium Development Goals has receded. Looking ahead, fiscal policy must balance support for the recovery with enhancing future growth prospects, debt sustainability, and poverty reduction. Published biannually in May and October.

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