Guinea-Bissau : Third Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Joint IMF/World Bank Debt Sustainability Analysis; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea-Bissau

Publication Date: December 14, 2011
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Summary: A confluence of developments is creating a more favorable economic situation for Guinea-Bissau. The country has moved away from debt distress with the debt relief granted after the Highly Indebted Poor Countries completion point last year. Fiscal sustainability has improved considerably through expenditure control and substantial increases in revenue. For the first time, the 2012 budget envisages sufficient fiscal revenue to cover current spending. The immediate challenge is to maintain fiscal prudence, modernize the public administration and defense and security sectors, and create space for private sector development.
Series: Country Report No. 11/355
Subject(s): Agricultural exports | Debt management | Economic growth | Economic indicators | Extended Credit Facility | Fiscal reforms | HIPC Initiative | Multilateral debt relief initiative | Poverty reduction strategy | Revenue mobilization | Staff Reports | West African Economic and Monetary Union

Notes Also Available in Portuguese
Publication Date: December 14, 2011
ISBN/ISSN: 9781463928513/1934-7685 Format: Paper
Stock No: 1GNBEA2011004 Pages: 81
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