Guinea-Bissau: First Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report

June 13, 2023

Preview Citation

Format: Chicago

Guinea-Bissau: First Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report, (USA: International Monetary Fund, 2023) accessed November 23, 2024

Also available in: português

Summary

Guinea-Bissau is a fragile state facing significant development challenges, including sustaining the recovery from the COVID-19 pandemic, supply disruptions, and the global economic slowdown. The IMF Board approved a three-year ECF arrangement with access of 100 percent of quota (SDR 28.4 million) in January 2023. Building on the 2021 SMP achievements, the program supports a credible fiscal consolidation that ensures medium-term debt sustainability. The structural agenda to strengthen governance and AML/CFT framework will improve the management of fiscal resources and public investment, increase transparency and accountability and counter corruption.

Subject: Arrears, Commercial banks, Credit, External debt, Financial institutions, International organization, Monetary policy, Money, Public debt, Revenue administration

Keywords: Arrears, Blockchain solution, Commercial banks, Credit, ECF arrangement, Financial situation, Global, Government saving, Guinea-Bissau authorities, IMF team, IMF's transparency policy

Publication Details

Pages:

62
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2023/206
Stock No:

1GNBEA2023002
ISBN:

9798400243257
ISSN:

1934-7685

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