Guinea-Bissau: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report

July 20, 2017

Preview Citation

Format: Chicago

Guinea-Bissau: Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: português

Summary

This paper discusses Guinea–Bissau’s Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implementation for the third review has been satisfactory. Four of five PCs, three of four indicative targets, and six of eight structural benchmarks were met. Corrective measures have been taken in the remaining areas, with several steps already completed. Economic activity has remained robust and there has been good progress in improving public financial management. Maintaining the positive economic momentum will require further strengthening of public financial management to reduce the fiscal deficit and support macroeconomic stability.

Subject: Arrears, Banking, Credit, External debt, Government debt management, Money, Public financial management (PFM), Revenue administration

Keywords: Arrears, Budget support grant, Consumer price inflation, CR, Credit, Debt issuance authority, Delivery, ECF arrangement, Government debt management, ISCR, Public service delivery, Strain financing availability, West Africa

Publication Details

Pages:

58
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/228
Stock No:

1GNBEA2017001
ISBN:

9781484311158
ISSN:

1934-7685

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