## IMF Staff Concludes Visit to Guinea-Bissau

_IMF News, October 1, 2019_

## Source details

**Canonical URL:** [IMF Staff Concludes Visit to Guinea-Bissau](https://www.imf.org/en/news/articles/2019/10/01/pr19360-guinea-bissau-imf-staff-concludes-visit)

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## Bibliographic details
- Published: October 1, 2019

---

### Mission overview
- Press Release No. 19/360
- Mission dates: September 18 to October 1, 2019
- Mission leader: Ms. Concha Verdugo-Yepes
- Purpose: preliminary diagnostic of weaknesses in fiscal governance, market regulation, anti-money laundering and anti-corruption policies and practices
- Note: This mission will not result in a Board discussion.

### Key findings and assessments
- Guinea-Bissau faces deeply-rooted problems of weak governance and corruption.
- These weaknesses need to be addressed to allow Guinea-Bissau to realize its economic potential and improve the living standards of the population.
- A first step recommended by the IMF mission is to develop a comprehensive national anti-corruption strategy that focuses on:
  - adopting sound practices related to public financial management,
  - tax policy,
  - revenue administration,
  - rule of law,
  - anti-corruption, and
  - anti-money laundering regimes.

### Engagement and next steps
- The IMF looks forward to continue to cooperate closely with the authorities as they develop such strategy.
- The IMF mission expressed gratitude to the authorities for constructive discussions and for their warm hospitality.

### Meetings and stakeholders consulted
- Meetings held with:
  - President José Mário Vaz,
  - Prime Minister Aristides Gomes,
  - Minister of Finance Geraldo Martins,
  - other high-level officials,
  - representatives of the private sector,
  - civil society, and
  - the international donor community.

### IMF communications
- IMF Communications Department — MEDIA RELATIONS
- PRESS OFFICER: Gediminas Vilkas
- Phone: +1 202 623-7100
- Email: MEDIA@IMF.org
- @IMFSpokesperson

*IMF Staff Concludes Visit to Guinea-Bissau — Press Release No. 19/360, October 1, 2019.*

---


## References

- [Guinea-Bissau and the IMF](http://www.imf.org/external/country/GNB/index.htm)
- [The IMF and Good Governance -- A Factsheet](https://www.imf.org/en/about/factsheets/sheets/2023/the-imf-and-good-governance)
- [Press Releases](https://www.imf.org/en/news/searchnews)
- [PRESS CENTER](http://presscenter.imf.org/)
- [https://www.imf.org/en/home](https://www.imf.org/en/home)

_Source: https://www.imf.org/en/news/articles/2019/10/01/pr19360-guinea-bissau-imf-staff-concludes-visit_