Guinea-Bissau: 2002 Article IV Consultation

Guinea-Bissau: 2002 Article IV Consultation–Staff Report

July 26, 2002

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Guinea-Bissau: 2002 Article IV Consultation–Staff Report, (USA: International Monetary Fund, 2002) accessed November 23, 2024

Summary

This 2002 Article IV Consultation highlights that in 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.2 percent, as a result of a sizable loss of foreign program financing, a drop in the international market prices for cashew nuts of about 30 percent, and delays in implementing the demobilization and pre-2000 domestic arrears settlement programs and receiving the concomitant disbursements. Delays in implementing required structural reforms have contributed significantly to Guinea–Bissau’s current difficulties.

Subject: Arrears, Commercial banks, Debt relief, External debt, Financial institutions, Poverty, Poverty reduction strategy, Revenue administration

Keywords: April revenue collection, Arrears, CFAF, Commercial banks, CR, Deteriorating government finances, Excl. grant, Expenditure priority policy, Government finances, ISCR, Poverty reduction strategy, Revenue constraint, Wage bill, West Africa

Publication Details

Pages:

53
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2002/153
Stock No:

1GNBEA0032002
ISBN:

9781451815757
ISSN:

1934-7685

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