Guinea: Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea
IMF Staff Country Reports, April 16, 2020
Source details
- Canonical URL
- Guinea: Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea
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Bibliographic details
- Published: April 16, 2020
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513540931.002
Program performance and immediate risks
- Performance under the IMF-supported program remains "broadly satisfactory."
- Significant downside risks related to coronavirus disease 2019 pandemic.
- The IMF will remain closely engaged with the Guinean country authorities as the situation evolves, and as the authorities further develop their policy responses and financing needs change.
- The ECF arrangement supports:
- strengthening Guinea’s resilience,
- scaling-up growth-supporting investment and social-safety nets,
- promoting private sector development.
Fiscal stance and macro objectives
- Achieving the programmed basic fiscal surplus in 2020 will contribute to:
- containing inflation,
- preserving debt sustainability.
- A prudent borrowing strategy will support scaling-up growth-supporting public investment.
Revenue mobilization and subsidy reform (policy priorities)
- Mobilizing additional tax revenues and reducing electricity subsidies will create fiscal space to:
- scale-up growth-supporting public investments,
- strengthen social safety nets.
- Key measures identified for implementation:
- implementing programmed tax revenues measures,
- adopting an automatic petroleum products price adjustment mechanism,
- advancing the multi-year electricity tariff reform.
Structural and sectoral focus
- The ECF arrangement emphasizes private sector development and public investment frameworks, including public-private partnerships (PPP).
- Subject areas highlighted: Banking, Economic sectors, Expenditure, External debt, Mining sector, Public debt, Public investment and public-private partnerships (PPP), Revenue administration.
Document identifiers and length
- Pages: 132
- DOI: https://doi.org/10.5089/9781513540931.002
- Issue: 111
- Series: Country Report No. 2020/111
- Stock No: 1GINEA2020002
- ISBN: 9781513540931
- ISSN: 1934-7685
- Publication date on page: April 16, 2020
International Monetary Fund. Guinea: Fourth Review under the Extended Credit Facility Arrangement, and Financing Assurances Review -Press Release; Staff Report; and Statement by the Executive Director for Guinea (IMF Staff Country Reports 2020, 111), April 16, 2020.
Content in this bundle
- IMF Staff Report Excerpt — Guinea