This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Guinea-Bissau and the IMF. Additional information can be found on Guinea-Bissau and IMF country page, including official IMF reports and Executive Board documents in English that deal with Guinea-Bissau.
At a Glance
- Current IMF membership: 190 countries
- Guinea-Bissau joined the Fund in March 24, 1977.
- Total Quotas: SDR 28.4 Million
- Last Article IV Consultation: The 2017 Article IV consultation staff report was discussed by the Executive Board on June 17, 2022. (Country Report No. 2022/196), June 27, 2022)
Office Activities
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Press Release – Guinea-Bissau: Implementing a Blockchain Solution to Improve Wage Bill Management
Bissau – May 8, 2023: A technical assistance mission led by Concha Verdugo Yepes (IMF African Department) held meetings in Bissau during April 25–May 2, 2023, to discuss progress made in the implementation of a blockchain solution to improve the transparency of the wage bill management in Guinea-Bissau.
May 8, 2023
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Document in Portuguese
June 30, 2020
IMF's Work on Guinea-Bissau
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September 14, 2023
Series:Country Report No. 2023/328
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August 30, 2023
The economy has grown by 4.2 percent in 2022 and should recover only moderately to 4.5 percent in 2023. Growth has been negatively affected by low cashew exports and adverse external shocks which are weighing on Guinea-Bissau’s socio-economic environment. The surge in food and oil prices adds pressures on annual inflation which is expected to remain high at 7.0 percent. Budget execution is facing pressures. The overall fiscal deficit remained at 5.9 percent of GDP in 2022. Based on provisional data, the public debt increased to 80.3 percent of GDP in 2022, because of higher-than-projected overall fiscal deficit, new government guarantees mainly to the public utility company and the recognition of cross-arrears owed to suppliers with non-performing loans at the undercapitalized bank. Revenue mobilization and expenditure containment remain pivotal to prevent risks to debt sustainability and access to external financing. In discussions with the mission team, the new government resulting from the winning coalition of the June 4, 2023, legislative election expressed its commitment to implementing the program reform agenda.
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August 23, 2023
Series:Country Report No. 2023/308
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July 12, 2023
Series:Country Report No. 2023/254
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July 7, 2023
Series:Country Report No. 2023/250
Regional Economic Outlook
April 14, 2023
Growth in sub-Saharan Africa will decline to 3.6 percent this year. Amid a global slowdown, activity is expected to decelerate for a second year in a row. Still, this headline figure masks significant variation across the region. The funding squeeze will also impact the region’s longer-term outlook. A shortage of funding may force countries to reduce resources for critical development sectors like health, education, and infrastructure, weakening the region’s growth potential.Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
