IMF Staff Country Reports

Guinea- Bissau: Recent Economic Developments

Publication Date:

June 4, 1998

Electronic Access:

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Summary:

This paper describes economic developments in Guinea–Bissau during the 1990s. Following mixed economic performance in 1991–92, a period of financial stabilization in 1993–94 led to an economic program that was supported by a three-year annual arrangement under the Enhanced Structural Adjustment Facility approved in January 1995. After some difficulties in early 1995, the program objectives for budgetary revenue, the external account, and real growth rate were surpassed. Economic developments were generally favorable in 1996 and 1997 although inflation continued to be a source of concern until mid-1997.

Series:

Country Report No. 1998/040

Subject:

Agricultural commodities Agroindustries Banking Civil service Commercial banks Commodities Consumption taxes Economic sectors Exports International trade Labor Tariffs Taxes