## Guinea-Bissau: Staff Report for the 2004 Article IV Consultation

_IMF Staff Country Reports, March 11, 2005_

## Source details

**Canonical URL:** [Guinea-Bissau: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/guinea-bissau-staff-report-for-the-2004-article-iv-consultation-18089)

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## Bibliographic details
- Published: March 11, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815764.002

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### Economic performance and growth
- The report highlights that Guinea-Bissau’s economic performance "has weakened substantially in recent years."
- Real GDP declined by 7 percent in 2002.
- Real GDP was flat in 2003.

### Structural reforms and private sector
- Structural reforms stalled after the war.
- The private sector "remained incapacitated because of the destruction of equipment and infrastructure caused by the conflict, and the loss of stocks owing to confiscating and looting."

### External sector and current account
- In 2003, the external current account deficit, excluding official transfers, halved relative to the previous year, to 6.7 percent of GDP.
- The narrowing of the external current account deficit reflected higher cashew nut exports and stagnating imports.

### Subject areas and keywords (as listed)
- Subject: Arrears, Banking, Current spending, Debt service, Expenditure, External debt
- Keywords: Arrears, authorities' effort, authority, CR, Current spending, Debt service, emergency economic management program, Guinea-Bissau authorities, IMF staff representative, intermediation effort, ISCR, staff appraisal, West Africa

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/guinea-bissau-staff-report-for-the-2004-article-iv-consultation-18089_