Guinea: Second Review Under the Three-Year Arrangement Under the Extended Credit : Second Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance and Modification of Performance Criterion, and Financing Assurances Review

 
 
Publication Date: July 03, 2013
 
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Summary: This paper discusses Guinea’s Second Review Under the Three-Year Arrangement under the Extended Credit Facility, Requests for Modifications of Performance Criteria and Waiver of Nonobservance of Performance Criterion, and Financing Assurances. Growth is projected at 4.5 percent for 2013, slightly lower than envisaged because of lower growth in the mining sector. The programs inflation target has been revised upward slightly, mainly reflecting the higher than programmed outcome at end-2012, together with some modest impact from an agreement on increases in civil service wages. Key risks include continued political unrest in the run-up to elections, which could affect growth, investment, and reform momentum, and a rebound in inflation if the private sector follows the increase in civil service wages.
 
Series: Country Report No. 13/192
Subject(s): Extended Credit Facility | Economic growth | Mining sector | Agricultural sector | Fiscal policy | Wage increases | Debt management | Fiscal reforms | Monetary policy | Economic indicators | Staff Reports | Press releases | Guinea

Notes Also available in French
 
English
Publication Date: July 03, 2013
ISBN/ISSN: 9781484390375/1934-7685 Format: Paper
Stock No: 1GINEA2013003 Pages: 97
Price:
US$18.00 (Academic Rate:
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