Guinea-Bissau: Use of Fund Resources: Request for Third Purchase Under Emergency Post-Conflict Assistance: Staff Report; Staff Supplement; Press Release; and Statement by the Executive Director for Guinea-Bissau
July 31, 2009
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Global economic developments in Guinea-Bissau, especially lower export demand and prices, are expected to slow growth significantly and put pressure on the balance of payments. The 2009 fiscal framework aims to stabilize public finances and avoid new domestic arrears. The authorities are requesting a third Emergency Post-Conflict Assistance (EPCA) purchase of 12.5 percent of quota to support their 2009 economic framework. A third EPCA purchase would give them time to demonstrate a track record of policy performance that could pave the way for a new Poverty Reduction Growth Facility arrangement.
Subject: Arrears, Emergency assistance, External debt, Foreign aid, Public debt, Public financial management (PFM)
Keywords: Arrears, clearance plan, CR, debt, discussion of Guinea-Bissau's performance, donor assistance, Emergency assistance, Emergency Post-Conflict Assistance, EPCA-supported program, Global, government, ISCR, policy development, West Africa
Pages:
69
Volume:
2009
DOI:
Issue:
236
Series:
Country Report No. 2009/236
Stock No:
1GNBEA2009001
ISBN:
9781451815870
ISSN:
1934-7685
