Guinea: Staff Report for the 2004 Article IV Consultation
IMF Staff Country Reports, December 7, 2004
Source details
- Canonical URL
- Guinea: Staff Report for the 2004 Article IV Consultation
Other formats
Bibliographic details
- Published: December 7, 2004
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815245.002
Summary findings: 2003 performance
- Guinea’s economic situation deteriorated in 2003 on account of exogenous conditions, as well as poor macroeconomic management and the lack of progress in key structural areas.
- Annual real GDP growth slowed down from 4.2 percent in 2002 to an estimated 1.2 percent in 2003.
Structural reform progress
- Progress in the structural reform area was mixed.
Outlook for 2004 and risks
- The outlook for 2004 is plagued by poor performance in the first quarter of the year and by important downside risks, exogenous as well as policy related.
Thematic subjects covered
- Banking
- Exchange rates
- Expenditure
- External debt
- Foreign exchange
- Monetary base
- Money
Keywords and notable issues highlighted
- assessment
- CR
- delegation
- EU assessment mission
- Exchange rates
- government delegation
- higher-than-projected arrears accumulation
- ISCR
- Monetary base
- petroleum price increase
- petroleum product
- spending overrun
- West Africa