## Guinea: 2024 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

_IMF Staff Country Reports, May 17, 2024_

## Source details

**Canonical URL:** [Guinea: 2024 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea](https://www.imf.org/en/publications/cr/issues/2024/05/17/guinea-2024-article-iv-consultation-and-request-for-disbursement-under-the-rapid-credit-549110)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/05/17/guinea-2024-article-iv-consultation-and-request-for-disbursement-under-the-rapid-credit-549110/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/05/17/guinea-2024-article-iv-consultation-and-request-for-disbursement-under-the-rapid-credit-549110/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/05/17/guinea-2024-article-iv-consultation-and-request-for-disbursement-under-the-rapid-credit-549110/bundle-manifest.json)

## Bibliographic details
- Published: May 17, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400274299.002

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### Growth outlook and economic context
- Growth is expected to decelerate to 4.1 percent in 2024 and rebound to 5.6 percent in 2025, sustained by a resilient mining sector.
- An explosion (referred to in the consultation) has contributed to the 2024 slowdown and underpins urgent financing needs.

### Immediate priorities for 2024
- Address urgent financing needs linked to:
  - assistance to affected households;
  - site cleaning and decontamination;
  - reconstruction.
- Failure to address these priorities could threaten growth and economic development.

### Medium-term priorities and structural reforms
- Mobilize domestic revenues, with particular emphasis on revenues from the mining sector.
- Modernize tax administration.
- Improve public finance management and investment efficiency.
- Increase spending on education, health, and social protection.
- Anchor spending on available resources while boosting priority spending to improve fiscal sustainability.

### Policy guidance and expected outcomes
- Implementation of structural reforms is needed to manage Guinea’s vulnerability to domestic and external shocks and to achieve sustained and inclusive growth.
- Policies should focus on expanding fiscal space for priority spending and ensuring fiscal sustainability.
- Expected longer-term benefits include higher productivity, economic diversification, and poverty reduction.

*Guinea: 2024 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea — May 17, 2024*

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## Content in this bundle

- **Executive Summary**
  - [Executive Summary (Markdown version)](/-/media/files/publications/cr/2024/english/1ginea2024001.pdf.md){rel="alternate" type="text/markdown"}
  - [Executive Summary (PDF)](/-/media/files/publications/cr/2024/english/1ginea2024001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/05/17/guinea-2024-article-iv-consultation-and-request-for-disbursement-under-the-rapid-credit-549110_