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

IMF Staff Country Reports, July 20, 2017

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

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Bibliographic details

• Published: July 20, 2017
• Series: IMF Staff Country Reports
• DOI: https://doi.org/10.5089/9781484311158.002

Summary of review and program implementation

• The 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 were met.
• Three of four indicative targets were met.
• Six of eight structural benchmarks were met.
• Corrective measures have been taken in the remaining areas, with several steps already completed.

Economic activity and fiscal context

• Economic activity has remained robust.
• 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 coverage and keywords

• 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

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