Guinea: Staff Report for the 2005 Article IV Consultation and Staff-Monitored Program
IMF Staff Country Reports, February 3, 2006
Source details
- Canonical URL
- Guinea: Staff Report for the 2005 Article IV Consultation and Staff-Monitored Program
Other formats
Bibliographic details
- Published: February 3, 2006
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815283.002
Executive summary / Main findings
- Guinea’s economic performance deteriorated in recent years, largely as a result of a weak policy framework and against a background of mounting regional insecurity and low prices for its main commodity exports.
- Economic growth since 2000 has slowed to an average of about 2.5 percent.
- Inflation accelerated to almost 30 percent.
- International reserves fell to less than one month of imports.
- Real GDP growth is expected to recover moderately in 2005.
- Little progress is expected in reducing inflation in 2005.
Macroeconomic indicators highlighted
- Growth since 2000: average of about 2.5 percent.
- Inflation: accelerated to almost 30 percent.
- International reserves: fell to less than one month of imports.
- Real GDP growth: expected to recover moderately in 2005.
- Inflation outlook for 2005: little progress expected in reducing inflation.
Thematic coverage / Subjects addressed
- Banking
- Currency markets
- Exchange rates
- External debt
- Financial markets
- Fiscal policy
- Foreign exchange
- Monetary base
Content in this bundle
- Appendix V.
- _cr0637f