Guinea: Staff Report for the 2003 Article IV Consultation
IMF Staff Country Reports, August 14, 2003
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- Guinea: Staff Report for the 2003 Article IV Consultation
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Bibliographic details
- Published: August 14, 2003
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815153.002
Macroeconomic overview and program performance
- In 2003, Guinea's macroeconomic management deteriorated significantly.
- Prospects for 2003 are described as uncertain at best.
- Performance under the 2002–03 poverty reduction and growth facility (PRGF)-supported program is weak.
Main challenges and objectives
- The main challenge is to promote and sustain strong private sector-led growth necessary to achieve the poverty reduction objectives set out in the poverty reduction strategy paper (PRSP).
- Priority areas identified implicitly include restoring macroeconomic management and implementing structural reforms to support private-sector development.
Policy recommendations (IMF staff urged)
- Adopt appropriate fiscal policies.
- Adopt appropriate monetary policies.
- Step up the implementation of structural reforms.
Thematic coverage (subjects and keywords listed)
- Subjects: Banking; Exchange rates; Expenditure; Foreign exchange; Health; HIV and AIDS; Inflation; Poverty; Poverty reduction strategy; Prices.
- Keywords: broad money; CR; Exchange rates; Guinean authorities; HIV and AIDS; Inflation; inflation rate; ISCR; monetary management; Poverty reduction strategy; priority spending; private sector; state; West Africa.
Source: Guinea: Staff Report for the 2003 Article IV Consultation