{
  "title": "Guinea-Bissau: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review",
  "publication": "IMF Staff Country Reports, July 20, 2017",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2017/07/20/guinea-bissau-third-review-under-the-extended-credit-facility-arrangement-request-for-a-45109",
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  "summary": "This paper discusses Guinea–Bissau’s Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implementation for the third review has been satisfactory.",
  "publishDate": "2017-07-20",
  "series": "IMF Staff Country Reports",
  "sections": [
    {
      "heading": "Summary of review and program implementation",
      "content": "- The paper discusses Guinea–Bissau’s Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review.\n- Program implementation for the third review has been satisfactory.\n- Four of five PCs were met.\n- Three of four indicative targets were met.\n- Six of eight structural benchmarks were met.\n- Corrective measures have been taken in the remaining areas, with several steps already completed."
    },
    {
      "heading": "Economic activity and fiscal context",
      "content": "- Economic activity has remained robust.\n- There has been good progress in improving public financial management.\n- Maintaining the positive economic momentum will require further strengthening of public financial management to reduce the fiscal deficit and support macroeconomic stability."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subject: Arrears, Banking, Credit, External debt, Government debt management, Money, Public financial management (PFM), Revenue administration\n- Keywords: Arrears, budget support grant, consumer price inflation, CR, Credit, debt issuance authority, delivery, ECF arrangement, Government debt management, ISCR, public service delivery, strain financing availability, West Africa\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}\n\n---\n\nSource: https://www.imf.org/en/publications/cr/issues/2017/07/20/guinea-bissau-third-review-under-the-extended-credit-facility-arrangement-request-for-a-45109"
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    "Published: July 20, 2017",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484311158.002",
    "The paper discusses Guinea–Bissau’s Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review.",
    "Program implementation for the third review has been satisfactory.",
    "Four of five PCs were met.",
    "Three of four indicative targets were met.",
    "Six of eight structural benchmarks were met.",
    "Corrective measures have been taken in the remaining areas, with several steps already completed.",
    "Economic activity has remained robust.",
    "There has been good progress in improving public financial management.",
    "Maintaining the positive economic momentum will require further strengthening of public financial management to reduce the fiscal deficit and support macroeconomic stability.",
    "Subject: Arrears, Banking, Credit, External debt, Government debt management, Money, Public financial management (PFM), Revenue administration",
    "Keywords: Arrears, budget support grant, consumer price inflation, CR, Credit, debt issuance authority, delivery, ECF arrangement, Government debt management, ISCR, public service delivery, strain financing availability, West Africa",
    "**Country Report**"
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