Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust—Staff Report; and Press Release
May 1, 2015
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This paper discusses Guinea’s Request for Debt Relief Under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief (CCR) Trust. Since early 2014, Guinea has been experiencing an ongoing Ebola epidemic that has spread to several countries in the region. The immediate economic effect of the Ebola epidemic has been a pronounced slowdown in 2014. Performance under the Extended Credit Facility arrangement has been satisfactory, the difficult macroeconomic environment notwithstanding. The IMF staff supports the authorities’ request for assistance under the CC window of the CCR Trust given the nature of the public health disaster, and the ensuing financing needs to contain the disease and rehabilitate Guinea’s public health system.
Subject: Asset and liability management, Balance of payments, Balance of payments need, Debt relief, Debt service, Ebola, External debt, Health
Keywords: Balance of payments need, CR, Debt relief, Debt service, Ebola, Ebola epidemic, executive board approval, Guinea, ISCR, obligations to the fund, poverty reduction goal, response plan, spending
Pages:
14
Volume:
2015
DOI:
Issue:
108
Series:
Country Report No. 2015/108
Stock No:
1GINEA2015003
ISBN:
9781484343906
ISSN:
1934-7685
