Guinea: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report and Press Release

February 27, 2014

Preview Citation

Format: Chicago

Guinea: Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report and Press Release, (USA: International Monetary Fund, 2014) accessed December 23, 2024

Also available in: français

Summary

This paper discusses Guinea’s Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF) and Financing Assurances Review. The macroeconomic environment in Guinea in 2013 was difficult, reflecting the fragile sociopolitical situation and a sharp slowdown in mining sector projects. As a result, growth is estimated to have slowed to 2.5 percent, sharply below the projected 4.5 percent. Inflation continued to fall and at the end of 2013 was 10.5 percent year over year. International reserves were maintained at a satisfactory level, and the exchange rate remained broadly stable. Performance under the ECF-supported program remains satisfactory. The IMF staff supports the completion of the third review under the ECF arrangement and completion of the financing assurances review.

Subject: Asset and liability management, Bank supervision, Banking, Debt relief, Economic sectors, Financial regulation and supervision, Mining sector, National accounts, Public financial management (PFM)

Keywords: Africa, Authorities project growth, Bank supervision, Central bank, Country strategy paper, CR, Debt relief, Europe, Exchange rate, Global, Government, Government-RT team, Guinean authorities, ISCR, Mining sector, Private sector, SDR, West Africa

Publication Details

Pages:

77
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2014/063
Stock No:

1GINEA2014001
ISBN:

9781484322505
ISSN:

1934-7685

Notes

Also available in French

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