IMF Staff Country Reports

Guinea : Staff-Monitored Program

Author/Editor:

International Monetary Fund

Publication Date:

August 11, 2011

Electronic Access:

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Summary:

Guinea is emerging from a prolonged period of political crisis. The new government has taken bold steps to address the serious macroeconomic imbalances. The intention to establish a special fund to govern spending from the recent windfall from the mining sector is commended by Executive Directors. The tightening of monetary policy will help drain the excess liquidity out of the economy. Guinea’s foreign exchange market remains fragmented and underdeveloped. Revision of the mining code is important for establishing a better investment environment and improving governance.

Series:

Country Report No. 11/251

Subject:

Budget deficits Debt burden Economic indicators External debt External financing Fiscal policy Fiscal reforms Guinea Mining sector Monetary policy Political economy Staff-monitored programs

Notes:

Also available in French