Guinea: Sixth and Seventh Reviews under the Extended Credit Facility Arrangement, Financing Assurances Review, and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, and Rephasing of Disbursements-Press Release; Staff Report; and Statement by the Executive Director for Guinea
IMF Staff Country Reports, April 4, 2016
Source details
- Canonical URL
- Guinea: Sixth and Seventh Reviews under the Extended Credit Facility Arrangement, Financing Assurances Review, and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, and Rephasing of Disbursements-Press Release; Staff Report; and Statement by the Executive Director for Guinea
Other formats
Bibliographic details
- Published: April 4, 2016
- Series: IMF Staff Country Reports
Summary findings and context
- The report reviews Guinea’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement.
- Guinea was declared free of the Ebola epidemic at end-2015.
- After two years of stagnant activity, growth is expected to rebound in 2016.
- ECF program implementation: solid performance in 2014; implementation weakened in 2015.
- Following last October’s Presidential elections, there has been a concerted effort to bring the ECF-supported program back on-track.
Macroeconomic objectives and projections for 2016
- Macroeconomic policies for 2016 aim to:
- improve reserves coverage to three months of imports;
- keep inflation within single digit figures as envisioned in the 2015 ECF-supported program.
- The 2016 budget envisions a significant broad-based fiscal contraction.
Program reviews, requests, and institutional actions
- The content unit covers:
- Sixth and Seventh Reviews under the Extended Credit Facility Arrangement;
- Financing Assurances Review;
- Requests for waivers of nonobservance of performance criteria;
- Request for extension of the Arrangement;
- Request for rephasing of disbursements.
Publication metadata and identifiers (as provided)
- Date: April 4, 2016
- Pages: 112
- Volume: 2016
- Issue: 095
- Series: Country Report No. 2016/095
- Stock No: 1GINEA2016001
- ISBN: 9781513549774
- ISSN: 1934-7685
Subjects and keywords (as provided)
- Subjects: Banking, Central banks, Economic sectors, External debt, International reserves, Mining sector, Public debt, Public financial management (PFM)
- Keywords: Africa, central bank bank guarantee, complying disbursement, CR, debt, Ebola epidemic, ECF arrangement, Global, Guinean authorities, International reserves, ISCR, Middle East, Mining sector, Sub-Saharan Africa
Guinea: Sixth and Seventh Reviews under the Extended Credit Facility Arrangement, Financing Assurances Review, and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, and Rephasing of Disbursements-Press Release; Staff Report; and Statement by the Executive Director for Guinea