Guinea: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea

July 16, 2020

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Format: Chicago

Guinea: Request for Disbursement Under the Rapid Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea, (USA: International Monetary Fund, 2020) accessed November 21, 2024

Also available in: français

Summary

Guinea is being severely affected by the COVID-19 pandemic. A local outbreak is spreading rapidly, adding pressure to the fragile social context and putting a strain on the health system. Containment measures have started to negatively impact domestic economic activity. Furthermore, the sharp slowdown in China (Guinea’s main export market) has hindered mining exports and tax revenues, putting pressure on Guinea’s external and fiscal position. Since the completion of the fourth ECF review, worsening global conditions and the local outbreak have deteriorated Guinea’s short-term outlook. Real growth is expected to sharply decelerate to 1.4 percent in 2020.

Subject: Asset and liability management, Banking, COVID-19, Debt relief, Debt service, External debt, Financial sector policy and analysis, Health, Public debt, Stress testing

Keywords: COVID-19, CR, Debt relief, Emergency financing request, Financing, Financing gap, Global, Guinean authorities, Health emergency, IMF disbursement, IMF lending tracker, ISCR, Stress testing

Publication Details

Pages:

49
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2020/218
Stock No:

1GINEA2020003
ISBN:

9781513550305
ISSN:

1934-7685

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