This web page provides information on the activities of the Office, views of the IMF staff, and the relations between Guinea and the IMF. Additional information can be found on Guinea and the IMF country page, including official IMF reports and Executive Board documents in English and French that deal with Guinea.

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Guinea: At A Glance

  • Current IMF membership:  countries
  • Guinea joined the Fund in September 28, 1963; Article VIII (obligations of Sections 2, 3,and 4 accepted on November 17, 1995
  • Total Quotas: SDR 107.10 Million
  • Loans outstanding: RCF loans: SDR 26.78 million; and ECF Arrangements: SDR 92.3 million
  • Last Article IV Consultation: The 2011 Article IV consultation staff report was discussed by the Executive Board on February 24, 2012 (Country Report No. 12/63, March 26, 2012)
  • IMF Response to The Ebola Crisis

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News and Highlights

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Guinea and the IMF

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Regional Economic Outlook 

Sub-Saharan Africa

April 2016

After an extended period of strong economic growth, many sub-Saharan African countries have been hit by a multiple of shocks—the sharp decline in commodity prices, tighter financing conditions, and a severe drought in southern and eastern Africa. Growth fell in 2015 to its lowest level in some 15 years and is expected to slow further to 3 percent in 2016. The growth performance, however, differs across countries, with most oil importers faring reasonably well. The region’s medium-term prospects remain favorable but many countries urgently need to reset their policies to reinvigorate growth and realize this potential. To this end, countries should adjust fiscal policies, and for those outside monetary unions, exchange rate flexibility, as part of a wider policy package, should also generally be part of the first line of defense. In the medium term, policies targeted at diversification and financial sector development could also strengthen resilience and boost growth.

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Departmental Papers on Africa

Africa Departmental Papers Cover The Departmental African Paper Series covers research on Sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF management.

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Training Institute in Mauritius

The International Monetary Fund (IMF) on June 26, 2014 opened the Africa Training Institute (ATI) in Ebene, Mauritius, adding an important regional center to a global network of centers helping to develop countries' policymaking capacity by transferring economic skills and best practices.