IMF Staff Country Reports

This paper focuses on Ex Post Assessment of Longer-Term Program Engagement for Guinea. Guinea’s stabilization and reform efforts have been almost continuously supported by IMF financial arrangements since 1987. The paper reviews developments under the last two IMF-supported programs during 1997–2004. It highlights that Guinea’s performance under these programs has been disappointing. The paper discusses program objectives, policies, and performance and reflects on lessons learned and the remaining challenges. It also presents a discussion on possible future relations between the IMF and Guinea.