IMF Staff Country Reports

Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea

July 6, 2021

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International Monetary Fund. African Dept. "Guinea: 2021 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea", IMF Staff Country Reports 2021, 146 (2021), accessed 12/5/2025, https://doi.org/10.5089/9781513587790.002

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Summary

While the non-mining sector was severely impacted by the COVID-19 crisis, overall growth in Guinea remains strong, reaching 7 percent in 2020, driven by booming mining production. Inflation exceeded 12 percent as a result of COVID-related supply disruptions and the ongoing monetary and fiscal response. The already weak social indicators have deteriorated further.

Subject: COVID-19, Debt sustainability analysis, Economic sectors, External debt, Health, International organization, Mining sector, Monetary policy, Public debt

Keywords: accommodative fiscal policy, Africa, authorities' intention, COVID-19, Debt sustainability analysis, Global, Guinean authorities, Mining sector, money market rate, near-term priority, value chain, West Africa

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