Guinea-Bissau: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, March 11, 2005
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- Guinea-Bissau: Staff Report for the 2004 Article IV Consultation
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Bibliographic details
- Published: March 11, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815764.002
Economic performance and growth
- The report highlights that Guinea-Bissau’s economic performance "has weakened substantially in recent years."
- Real GDP declined by 7 percent in 2002.
- Real GDP was flat in 2003.
Structural reforms and private sector
- 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."
External sector and current account
- In 2003, the external current account deficit, excluding official transfers, halved relative to the previous year, to 6.7 percent of GDP.
- The narrowing of the external current account deficit reflected higher cashew nut exports and stagnating imports.
Subject areas and keywords (as listed)
- 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