Guinea : Recent Economic Developments

Author/Editor:

International Monetary Fund

Publication Date:

January 23, 1997

Summary:

This paper reviews economic developments in Guinea during 1990–95. In 1995, expectations arising from the new discoveries of sizable oil reserves and double-digit growth in the non-oil economy—led by the timber industry—dominated economic developments. However, the fiscal position was again expansionary, as the fiscal deficit grew to 5 percent of GDP, exacerbating imbalances and adding to external payments arrears. Total budgetary revenue as a share of GDP fell and noninterest expenditure increased sharply including unclassified spending on the order of 3 percent of GDP.

Series:

Country Report No. 96/148

Subject:

English

Publication Date:

January 23, 1997

ISBN/ISSN:

9781451815894/1934-7685

Stock No:

1GNQEA0011996

Price:

$15.00 (Academic Rate:$15.00)

Format:

Paper

Pages:

85

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