{
  "title": "Guinea-Bissau: 2002 Article IV Consultation–Staff Report",
  "publication": "IMF Staff Country Reports, July 26, 2002",
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  "summary": "This 2002 Article IV Consultation highlights that in 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.",
  "sections": [
    {
      "heading": "Summary findings",
      "content": "- In 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.2 percent.\n- Contributing factors identified:\n  - A sizable loss of foreign program financing.\n  - A drop in the international market prices for cashew nuts of about 30 percent.\n  - Delays in implementing the demobilization and pre-2000 domestic arrears settlement programs and receiving the concomitant disbursements.\n- Delays in implementing required structural reforms have contributed significantly to Guinea–Bissau’s current difficulties."
    },
    {
      "heading": "Key thematic areas and implications",
      "content": "- Arrears and debt:\n  - Pre-2000 domestic arrears settlement program delayed, affecting fiscal and external financing dynamics.\n- External shocks:\n  - Cashew nut price decline of about 30 percent had a material negative effect on export earnings and overall activity.\n- Financing and fiscal space:\n  - Loss of foreign program financing reduced available resources for stabilization and reform implementation.\n- Structural reforms:\n  - Slow implementation of required structural reforms exacerbated economic weakness and constrained recovery prospects."
    },
    {
      "heading": "Publication metadata (as provided)",
      "content": "- Publication title: Guinea-Bissau: 2002 Article IV Consultation–Staff Report\n- Date: July 26, 2002\n- Pages: 53\n- Volume: 2002\n- Issue: 153\n- Series: Country Report No. 2002/153\n- DOI: https://doi.org/10.5089/9781451815757.002\n- Stock No: 1GNBEA0032002\n- ISBN: 9781451815757\n- ISSN: 1934-7685\n- Subjects: Arrears, Commercial banks, Debt relief, External debt, Financial institutions, Poverty, Poverty reduction strategy, Revenue administration\n- Keywords: April revenue collection, Arrears, CFAF, Commercial banks, CR, deteriorating government finances, excl. grant, expenditure priority policy, government finances, ISCR, Poverty reduction strategy, revenue constraint, wage bill, West Africa\n\nInternational Monetary Fund. \"Guinea-Bissau: 2002 Article IV Consultation–Staff Report\", IMF Staff Country Reports 2002, 153 (2002).\n\n---\n\n Content in this bundle\n\n- cr02153\n  - cr02153 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - cr02153 (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: July 26, 2002",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781451815757.002",
    "In 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.2 percent.",
    "Contributing factors identified:",
    "Delays in implementing required structural reforms have contributed significantly to Guinea–Bissau’s current difficulties.",
    "External shocks:",
    "Financing and fiscal space:",
    "Structural reforms:",
    "Publication title: Guinea-Bissau: 2002 Article IV Consultation–Staff Report",
    "Date: July 26, 2002",
    "Pages: 53",
    "Volume: 2002",
    "Issue: 153",
    "Series: Country Report No. 2002/153",
    "DOI: https://doi.org/10.5089/9781451815757.002",
    "Stock No: 1GNBEA0032002",
    "ISBN: 9781451815757",
    "ISSN: 1934-7685",
    "Subjects: Arrears, Commercial banks, Debt relief, External debt, Financial institutions, Poverty, Poverty reduction strategy, Revenue administration",
    "Keywords: April revenue collection, Arrears, CFAF, Commercial banks, CR, deteriorating government finances, excl. grant, expenditure priority policy, government finances, ISCR, Poverty reduction strategy, revenue constraint, wage bill, West Africa",
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