Guinea: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation of Access and Extension of the Current Arrangement
IMF Staff Country Reports, February 17, 2015
Source details
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- Guinea: Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation of Access and Extension of the Current Arrangement
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Bibliographic details
- Published: February 17, 2015
- Series: IMF Staff Country Reports
Summary
- Publication date: February 17, 2015
- This paper discusses Guinea’s Fifth Review under the Three-Year Arrangement under the Extended Credit Facility (ECF), the Financing Assurances Review, and requests for an augmentation of access and extension of the current arrangement.
- Performance under the ECF program has been satisfactory.
- All quantitative performance criteria have been met.
- Macroeconomic policies in 2015 will remain supportive to help deal with the Ebola outbreak.
- IMF staff supports:
- completion of the fifth review under the ECF arrangement and financing assurances review;
- requests for an extension of the current arrangement to end-2015;
- an augmentation in access;
- disbursement of 25 percent of quota as budget support under the 5th review.
Key Findings
- Program performance: satisfactory.
- Compliance: all quantitative performance criteria met.
- Policy stance for 2015: supportive macroeconomic policies to address the Ebola outbreak.
- IMF staff position: supportive of completing reviews and approving extension, augmentation, and disbursement described above.
Subjects and Keywords
- Subject: Ebola, External debt, Health, Mining sector, National accounts, Public debt, Public financial management (PFM)
- Keywords: Africa, CR, debt, debt relief, disbursement of SDR, Ebola, Ebola crisis, Ebola epidemic, ECF arrangement, financing, Global, Guinean authorities, ISCR, poverty reduction goal, Sub-Saharan Africa