IMF Staff Country Reports

Guinea-Bissau: 2002 Article IV Consultation–Staff Report

July 26, 2002

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International Monetary Fund. "Guinea-Bissau: 2002 Article IV Consultation–Staff Report", IMF Staff Country Reports 2002, 153 (2002), accessed June 23, 2025, https://doi.org/10.5089/9781451815757.002

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Summary

This 2002 Article IV Consultation highlights that in 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.2 percent, as a result of a sizable loss of foreign program financing, a drop in the international market prices for cashew nuts of about 30 percent, and delays in implementing the demobilization and pre-2000 domestic arrears settlement programs and receiving the concomitant disbursements. Delays in implementing required structural reforms have contributed significantly to Guinea–Bissau’s current difficulties.

Subject: Arrears, Commercial banks, Debt relief, External debt, Financial institutions, Poverty, Poverty reduction strategy, Revenue administration

Keywords: April revenue collection, Arrears, CFAF, Commercial banks, CR, Deteriorating government finances, Excl. grant, Expenditure priority policy, Government finances, ISCR, Poverty reduction strategy, Revenue constraint, Wage bill, West Africa

Publication Details

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