Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility

November 7, 2014

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Guinea-Bissau: Request for Disbursement Under the Rapid Credit Facility, (USA: International Monetary Fund, 2014) accessed September 19, 2024

Summary

This paper discusses Guinea-Bissau’s Request for Disbursement Under the Rapid Credit Facility (RCF). In 2012 and 2013, Guinea-Bissau suffered a severe balance of payments shock as the international price of raw cashew nuts—the main export product—fell by about 20 percent per year. The authorities have requested assistance under the RCF to help address the urgent balance of payments and fiscal financing needs for 2014. The IMF staff supports the authorities’ request for assistance under the RCF in view of their currently limited capacity to implement policies of an upper credit tranche-quality economic program, the large and urgent balance of payments need, and the catalytic effect of IMF support for other external financing.

Subject: Budget planning and preparation, Economic and financial statistics, External debt, Government finance statistics, Public debt, Public financial management (PFM)

Keywords: Authority, Bissau Guinean authorities, Budget planning and preparation, Center, CR, Donor support, Government, Government finance statistics, ISCR, Newly-elected government, RCF disbursement, Wage arrears, West Africa

Publication Details

Pages:

75
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/318
Stock No:

1GNBEA2014001
ISBN:

9781498348843
ISSN:

1934-7685

Notes

Also Available in Portuguese

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