Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust

Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust—Staff Report; and Press Release

May 1, 2015

Preview Citation

Format: Chicago

Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust—Staff Report; and Press Release, (USA: International Monetary Fund, 2015) accessed November 23, 2024

Also available in: français

Summary

This paper discusses Guinea’s Request for Debt Relief Under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief (CCR) Trust. Since early 2014, Guinea has been experiencing an ongoing Ebola epidemic that has spread to several countries in the region. The immediate economic effect of the Ebola epidemic has been a pronounced slowdown in 2014. Performance under the Extended Credit Facility arrangement has been satisfactory, the difficult macroeconomic environment notwithstanding. The IMF staff supports the authorities’ request for assistance under the CC window of the CCR Trust given the nature of the public health disaster, and the ensuing financing needs to contain the disease and rehabilitate Guinea’s public health system.

Subject: Asset and liability management, Balance of payments, Balance of payments need, Debt relief, Debt service, Ebola, External debt, Health

Keywords: Balance of payments need, CR, Debt relief, Debt service, Ebola, Ebola epidemic, Executive board approval, Guinea, ISCR, Obligations to the fund, Poverty reduction goal, Response plan, Spending

Publication Details

Pages:

14
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2015/108
Stock No:

1GINEA2015003
ISBN:

9781484343906
ISSN:

1934-7685

Notes

Full text also available in French

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