Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea
IMF Staff Country Reports, July 29, 2016
Source details
- Canonical URL
- Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea
Other formats
Bibliographic details
- Published: July 29, 2016
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781475520736.002
Macroeconomic performance and outlook
- Economic growth averaged 1.8 percent during 2012–15.
- GDP per capita is estimated to have fallen during 2012–15, likely inducing an increase in poverty.
- The economy is recovering from the effects of the Ebola epidemic.
- Growth is projected to rebound to 3.7 percent in 2016, driven by:
- higher electricity provision from the Kaleta hydroelectric dam, and
- a strong increase in bauxite production.
- The medium-term outlook is described as favorable but continues to be clouded by downside risks.
Key findings and themes
- Performance over the past four years fell significantly short of the authorities’ ambitious projections.
- Growth underperformance relative to peers during 2012–15.
- Recovery factors highlighted: infrastructure (Kaleta dam) and commodity (bauxite) supply increases.
- Downside risks remain a central concern for the outlook.
Subject areas and keywords (as listed)
- Subject: Bank supervision, Banking, Budget planning and preparation, Financial regulation and supervision, Foreign exchange, National accounts, Public financial management (PFM)
- Keywords: Africa, authorities endeavor, authorities' baseline scenario, authorities' belief, bank, Bank supervision, Budget planning and preparation, CR, Ebola epidemic, epidemic, Europe, financing constraint, Global, government, Guinean authorities, ISCR, Middle East, North Africa, Sub-Saharan Africa
Content in this bundle
- Consultation—Press Release; Staff Report; and Statement by the Executive Director for Guinea