Guinea: Staff Report for the 2002 Article IV Consultation, the First Review Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria, Second-Year Program Under the Poverty Reduction and Growth Facility, and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

IMF Staff Country Reports, April 12, 2004

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Guinea: Staff Report for the 2002 Article IV Consultation, the First Review Under the Poverty Reduction and Growth Facility, Requests for Waiver of Performance Criteria, Second-Year Program Under the Poverty Reduction and Growth Facility, and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries

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Bibliographic details

• Published: April 12, 2004
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781451815160.002

Review timing and program implementation

• The first review of the three-year PRGF arrangement approved on May 2, 2001, has been delayed.
• Reason for delay: to give the authorities time to rectify weaknesses in program execution during a four-month consolidation period.
• Objective of the consolidation period: meeting specified revenue and expenditure targets set for that period.

Macroeconomic framework and poverty reduction

• The medium-term macroeconomic framework underpinning the poverty reduction strategy paper is consistent with that of the initial PRGF-supported program approved.

Structural reforms and public enterprises

• The public enterprise restructuring and privatization program remains a key element of the structural reform agenda.

Subjects and thematic coverage

• Banking
• Debt service
• Economic sectors
• Expenditure
• External debt
• Mining sector
• Poverty
• Poverty reduction strategy
• Public debt
• Public enterprises

Keywords

• Board decision
• CR
• Debt service
• ISCR
• microfinance institution CMG
• Mining sector
• Poverty reduction strategy
• PRGF arrangement
• PRGF arrangement from the IMF
• PRGF loan
• repayment plan
• Sub-Saharan Africa
• West Africa

Content in this bundle

• Guinea: Selected Economic Indicators, 1998-2002
  • Guinea: Selected Economic Indicators, 1998-2002 (Markdown version)
  • Guinea: Selected Economic Indicators, 1998-2002 (PDF)