Guinea-Bissau: Staff Report for the 2004 Article IV Consultation

March 11, 2005

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Guinea-Bissau: Staff Report for the 2004 Article IV Consultation, (USA: International Monetary Fund, 2005) accessed November 22, 2024

Summary

This 2004 Article IV Consultation highlights that Guinea-Bissau’s economic performance has weakened substantially in recent years. Real GDP declined by 7 percent in 2002 and was flat in 2003. Structural reforms stalled after the war; the private sector remained incapacitated because of the destruction of equipment and infrastructure caused by the conflict, and the loss of stocks owing to confiscating and looting. In 2003, the external current account deficit, excluding official transfers, halved relative to the previous year, to 6.7 percent of GDP, reflecting higher cashew nut exports and stagnating imports.

Subject: Arrears, Banking, Current spending, Debt service, Expenditure, External debt

Keywords: Arrears, Authorities' effort, Authority, CR, Current spending, Debt service, Emergency economic management program, Guinea-Bissau authorities, IMF staff representative, Intermediation effort, ISCR, Staff appraisal, West Africa

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/069
Stock No:

1GNBEA2005001
ISBN:

9781451815764
ISSN:

1934-7685

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