Guinea: Staff Report for the 2005 Article IV Consultation and Staff-Monitored Program
February 3, 2006
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This 2005 Article IV Consultation highlights that Guinea’s economic performance has deteriorated in recent years, largely as a result of a weak policy framework and against a background of mounting regional insecurity and low prices for its main commodity exports. Economic growth since 2000 has slowed to an average of about 2.5 percent, inflation accelerated to almost 30 percent, and international reserves fell to less than one month of imports. Real GDP growth is expected to recover moderately in 2005, but little progress is expected in reducing inflation.
Subject: Banking, Currency markets, Exchange rates, External debt, Financial markets, Fiscal policy, Foreign exchange, Monetary base
Keywords: authorities' intention, central bank NFA, CR, Currency markets, Exchange rates, expenditure, expenditure management system, government, Guinean authorities, ISCR, net bank credit, policy, West Africa, year-end objective
Pages:
91
Volume:
2006
DOI:
Issue:
037
Series:
Country Report No. 2006/037
Stock No:
1GINEA2006002
ISBN:
9781451815283
ISSN:
1934-7685
Notes
Also available online in French
