## Guinea: Staff Report for the 1999 Article IV Consultation and Request for the Third Annual Arrangement Under the Enhanced Structural Adjustment Facility

_IMF Staff Country Reports, March 8, 2000_

## Source details

**Canonical URL:** [Guinea: Staff Report for the 1999 Article IV Consultation and Request for the Third Annual Arrangement Under the Enhanced Structural Adjustment Facility](https://www.imf.org/en/publications/cr/issues/2016/12/30/guinea-staff-report-for-the-1999-article-iv-consultation-and-request-for-the-third-annual-3444)

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## Bibliographic details
- Published: March 8, 2000
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815177.002

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### Executive summary / Major findings
- The Guinean government faced economic management problems.
- The government revised its budget and adopted fiscal and monetary targets aimed at stopping monetary expansion by scaling back and controlling expenditure to meet revenue.
- Repayment of government debt to the central bank will increase private sector credit and aid the rebuilding of foreign exchange reserves.
- Exchange rate policy must be more clearly defined.
- Governance issues remain an important concern in Guinea.
- The enhanced Initiative for Highly Indebted Poor Countries (HIPC) will provide important debt relief to Guinea.

### Policy measures and recommendations
- Fiscal and monetary targeting:
  - Adopted fiscal and monetary targets aimed at stopping monetary expansion.
  - Emphasis on scaling back and controlling expenditure to align with revenue.
- Debt and central bank operations:
  - Repayment of government debt to the central bank is identified as a priority to free resources for private sector credit and to rebuild foreign exchange reserves.
- Exchange rate policy:
  - Exchange rate policy needs clearer definition and articulation.
- Governance:
  - Addressing governance issues is highlighted as an ongoing and important concern.
- External debt relief:
  - Participation in the enhanced HIPC Initiative is expected to provide important debt relief.

### Subject areas and keywords
- Subject: Banking, Commercial banks, Currency markets, Expenditure, Financial institutions, Financial markets, Foreign exchange, Public debt
- Keywords: balance of payments, central bank, Commercial banks, CR, Currency markets, debt service, exchange rate, foreign exchange, GDP, Global, Guinean authorities, ISCR, private sector, Sub-Saharan Africa, West Africa

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/30/guinea-staff-report-for-the-1999-article-iv-consultation-and-request-for-the-third-annual-3444_