{
  "title": "Guinea: Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review-Press Release; Staff Report; Supplementary Information; and Statement by the Executive Director for Guinea",
  "publication": "IMF Staff Country Reports, August 23, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608",
  "canonical": "https://www.imf.org/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608",
  "overlayPath": "/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/index.md",
  "summary": "This paper discusses Guinea’s Third Review Under the Extended Credit Facility Arrangement, Request for Modification of Performance Criterion and Financing Assurances Review. Performance against end-December 2018 targets was satisfactory.",
  "sections": [
    {
      "heading": "Executive summary and program performance",
      "content": "- Performance against end-December 2018 targets was satisfactory.\n- All performance criteria and the indicative target (IT) on social safety net spending were met.\n- The ITs on tax revenue and the accumulation of new domestic arrears were not met.\n- Program performance was satisfactory at end-March 2019, with most ITs met.\n- Program-supported reforms advanced.\n- Two of the four structural benchmarks were met, with substantial progress on the other two and full completion expected by."
    },
    {
      "heading": "Fiscal policy, adjustment measures, and public investment",
      "content": "- A strong package of adjustment measures was implemented to achieve the end-2018 fiscal target.\n- Additional adjustment measures are expected to be implemented to achieve a basic fiscal surplus in 2019, compensating for:\n  - anticipated higher electricity subsidies\n  - lower tax revenue\n- In parallel, public investment will be scaled-up to support growth."
    },
    {
      "heading": "Revenue mobilization and tax measures",
      "content": "- Advancing programmed tax measures will be key to support revenue mobilization.\n- Applying the petroleum prices adjustment mechanism will be key to support revenue mobilization.\n\n---\n\n Content in this bundle\n\n- 1ginea2019004\n  - 1ginea2019004 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1ginea2019004 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
  ],
  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/index.md)",
    "[Structured JSON version](/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/index.json)",
    "[Bundle manifest](/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/bundle-manifest.json)",
    "Published: August 23, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513511870.002",
    "Performance against end-December 2018 targets was satisfactory.",
    "All performance criteria and the indicative target (IT) on social safety net spending were met.",
    "The ITs on tax revenue and the accumulation of new domestic arrears were not met.",
    "Program performance was satisfactory at end-March 2019, with most ITs met.",
    "Program-supported reforms advanced.",
    "Two of the four structural benchmarks were met, with substantial progress on the other two and full completion expected by.",
    "A strong package of adjustment measures was implemented to achieve the end-2018 fiscal target.",
    "Additional adjustment measures are expected to be implemented to achieve a basic fiscal surplus in 2019, compensating for:",
    "In parallel, public investment will be scaled-up to support growth.",
    "Advancing programmed tax measures will be key to support revenue mobilization.",
    "Applying the petroleum prices adjustment mechanism will be key to support revenue mobilization.",
    "**1ginea2019004**"
  ],
  "related": [
    {
      "title": "1ginea2019004",
      "role": "document",
      "sourceUrl": "https://www.imf.org/-/media/files/publications/cr/2019/1ginea2019004.pdf",
      "summary": {
        "path": "/-/media/files/publications/cr/2019/1ginea2019004.pdf.md",
        "mime": "text/markdown"
      },
      "binary": {
        "path": "/-/media/files/publications/cr/2019/1ginea2019004.pdf",
        "mime": "application/pdf"
      }
    }
  ],
  "alternates": {
    "markdown": "/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/index.md",
    "json": "/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/index.json",
    "bundleManifest": "/en/publications/cr/issues/2019/08/22/guinea-third-review-under-the-extended-credit-facility-arrangement-request-for-modification-48608/bundle-manifest.json"
  },
  "generatedAtUtc": "2026-09-12T15:11:38.09Z"
}