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

_IMF Staff Country Reports, December 7, 2004_

## Source details

**Canonical URL:** [Guinea: Staff Report for the 2004 Article IV Consultation](https://www.imf.org/en/publications/cr/issues/2016/12/31/guinea-staff-report-for-the-2004-article-iv-consultation-17895)

## Other formats

- [Markdown version](/en/publications/cr/issues/2016/12/31/guinea-staff-report-for-the-2004-article-iv-consultation-17895/index.md)
- [Structured JSON version](/en/publications/cr/issues/2016/12/31/guinea-staff-report-for-the-2004-article-iv-consultation-17895/index.json)
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## Bibliographic details
- Published: December 7, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815245.002

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### Summary findings: 2003 performance
- Guinea’s economic situation deteriorated in 2003 on account of exogenous conditions, as well as poor macroeconomic management and the lack of progress in key structural areas.
- Annual real GDP growth slowed down from 4.2 percent in 2002 to an estimated 1.2 percent in 2003.

### Structural reform progress
- Progress in the structural reform area was mixed.

### Outlook for 2004 and risks
- The outlook for 2004 is plagued by poor performance in the first quarter of the year and by important downside risks, exogenous as well as policy related.

### Thematic subjects covered
- Banking
- Exchange rates
- Expenditure
- External debt
- Foreign exchange
- Monetary base
- Money

### Keywords and notable issues highlighted
- assessment
- CR
- delegation
- EU assessment mission
- Exchange rates
- government delegation
- higher-than-projected arrears accumulation
- ISCR
- Monetary base
- petroleum price increase
- petroleum product
- spending overrun
- West Africa

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/guinea-staff-report-for-the-2004-article-iv-consultation-17895_