Guinea: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report and Press Release

Publication Date: February 27, 2014
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Summary: This paper discusses Guinea’s Third Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF), and Financing Assurances Review. The macroeconomic environment in 2013 was difficult, reflecting the fragile socio-political situation and a sharp slowdown in mining sector projects. As a result, growth is estimated to have slowed to 2.5 percent, sharply below the projected 4.5 percent. Inflation continued to fall and at end-2013 was 10.5 percent year-over-year. Performance under the ECF-supported program remains satisfactory. IMF Staff supports the completion of the third review under the ECF arrangement and completing the financing assurances review.
Series: Country Report No. 14/63
Subject(s): Extended Credit Facility | Economic growth | Fiscal risk | Mining sector | Fiscal policy | Fiscal reforms | Electric power | Monetary policy | Economic indicators | Staff Reports | Letters of Intent | Press releases | Guinea

Notes Also available in French
Publication Date: February 27, 2014
ISBN/ISSN: 9781484322505/1934-7685 Format: Paper
Stock No: 1GINEA2014001 Pages: 77
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