Guinea: Staff Report for the 1999 Article IV Consultation and Request for the Third Annual Arrangement Under the Enhanced Structural Adjustment Facility

March 8, 2000

Summary

The Guinean government faced economic management problems. The government revised its budget and adopted fiscal and monetary targets aimed at stopping monetary expansion by scaling back and controlling expenditure to meet revenue. Repayment of government debt to the central bank will increase private sector credit and the rebuilding of foreign exchange reserves. Exchange rate policy must be more clearly defined. Governance issues remain an important concern in Guinea. The enhanced Initiative for Highly Indebted Poor Countries (HIPC) will provide important debt relief to Guinea.

Subject: Banking, Commercial banks, Currency markets, Expenditure, Financial institutions, Financial markets, Foreign exchange, Public debt

Keywords: balance of payments, central bank, Commercial banks, CR, Currency markets, debt service, exchange rate, foreign exchange, GDP, Global, Guinean authorities, ISCR, private sector, Sub-Saharan Africa, West Africa

Pages:
67
Volume:
2000
DOI:
https://doi.org/10.5089/9781451815177.002
Issue:
033
Series:
Country Report No. 2000/033
Stock No:
1GINEA0022000
ISBN:
9781451815177
ISSN:
1934-7685

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Notes

Included with the Staff Report is the text of Public Information Notice No. 00/18--IMF Concludes Article IV Consultation with Guinea.

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