IMF Staff Concludes Visit to Guinea-Bissau
IMF News, October 1, 2019
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- IMF Staff Concludes Visit to Guinea-Bissau
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Bibliographic details
- Published: October 1, 2019
Mission overview
- Press Release No. 19/360
- Mission dates: September 18 to October 1, 2019
- Mission leader: Ms. Concha Verdugo-Yepes
- Purpose: preliminary diagnostic of weaknesses in fiscal governance, market regulation, anti-money laundering and anti-corruption policies and practices
- Note: This mission will not result in a Board discussion.
Key findings and assessments
- Guinea-Bissau faces deeply-rooted problems of weak governance and corruption.
- These weaknesses need to be addressed to allow Guinea-Bissau to realize its economic potential and improve the living standards of the population.
- A first step recommended by the IMF mission is to develop a comprehensive national anti-corruption strategy that focuses on:
- adopting sound practices related to public financial management,
- tax policy,
- revenue administration,
- rule of law,
- anti-corruption, and
- anti-money laundering regimes.
Engagement and next steps
- The IMF looks forward to continue to cooperate closely with the authorities as they develop such strategy.
- The IMF mission expressed gratitude to the authorities for constructive discussions and for their warm hospitality.
Meetings and stakeholders consulted
- Meetings held with:
- President José Mário Vaz,
- Prime Minister Aristides Gomes,
- Minister of Finance Geraldo Martins,
- other high-level officials,
- representatives of the private sector,
- civil society, and
- the international donor community.
IMF communications
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Gediminas Vilkas
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson
IMF Staff Concludes Visit to Guinea-Bissau — Press Release No. 19/360, October 1, 2019.