Guinea-Bissau: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Joint IMF/World Bank Debt Sustainability Analysis; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea-Bissau
December 14, 2011
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A confluence of developments is creating a more favorable economic situation for Guinea-Bissau. The country has moved away from debt distress with the debt relief granted after the Highly Indebted Poor Countries completion point last year. Fiscal sustainability has improved considerably through expenditure control and substantial increases in revenue. For the first time, the 2012 budget envisages sufficient fiscal revenue to cover current spending. The immediate challenge is to maintain fiscal prudence, modernize the public administration and defense and security sectors, and create space for private sector development.
Subject: Economic and financial statistics, External debt, Government finance statistics, Public debt, Public financial management (PFM), Revenue administration
Keywords: approval of the arrangement, authorities' fiscal policies, CR, custom administration reform, customs administration reform, debt, debt indicator, debt management capacity, deficit, Global, Government finance statistics, ISCR, program prioritization, revenue, security sector reform, West Africa, West AFRITAC
Pages:
81
Volume:
2011
DOI:
Issue:
355
Series:
Country Report No. 2011/355
Stock No:
1GNBEA2011004
ISBN:
9781463928513
ISSN:
1934-7685
