Guinea- Bissau: Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report

June 6, 2018

Preview Citation

Format: Chicago

Guinea- Bissau: Fifth Review Under the Extended Credit Facility Arrangement, Request for Extension and Augmentation of Access, and Financing Assurances Review-Press Release and Staff Report, (USA: International Monetary Fund, 2018) accessed December 5, 2024

Also available in: português

Summary

This paper discusses Guinea–Bissau’s Fifth Review Under the Extended Credit Facility (ECF) Arrangement, Requests for Extension and Augmentation of Access, and Financing Assurances Review. Program implementation for the fifth review has been good. All performance criteria and indicative targets were met, as were six of eight structural benchmarks, with one of the remaining two benchmarks subsequently completed and the other under way. Economic activity has remained robust. Real GDP grew by an estimated 5.9 percent in 2017, with consumer price inflation of 1.1 percent and an external current account deficit of 0.5 percent of GDP. The IMF staff supports completion of the fifth review under the ECF arrangement, extension of the arrangement, and augmentation of access.

Subject: Credit, External debt, Government debt management, Money, Public debt, Public financial management (PFM), Revenue administration

Keywords: Authorities' reform effort, CR, Credit, Debt, ECF arrangement, Global, Government debt management, Guinea-Bissau, Guinea-Bissau authorities, ISCR, Real GDP, Sub-Saharan Africa, Terms of trade gain, West Africa, West AFRITAC

Publication Details

Pages:

99
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/147
Stock No:

1GNBEA2018001
ISBN:

9781484359235
ISSN:

1934-7685

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