Guinea-Bissau : First and Second Reviews Under the Extended Credit Facility Arrangement, Request for Rephasing of Disbursements, Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

December 28, 2016

Electronic Access:

Free Full text (PDF file size is 1863 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Economic recovery is under way but remains fragile. Since the approval of the ECF arrangement Guinea-Bissau has endured a deep political crisis with three consecutive Governments. Political tension has eased recently with the adoption of an ECOWAS-brokered six-point roadmap for an inclusive government and constitutional reform. The government declared null and void the expensive bank bailout that derailed the ECF-supported program and held up the reviews. However, the frequent changes in government amidst lingering capacity constraints delayed key structural reform measures and weakened public financial management (PFM).

Series:

Country Report No. 16/384

Subject:

Notes:

Also Available in Portuguese

English

Publication Date:

December 28, 2016

ISBN/ISSN:

9781475561678/1934-7685

Stock No:

1GNBEA2016001

Price:

$18.00 (Academic Rate:$18.00)

Format:

Paper

Pages:

88

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