IMF Staff Country Reports

Guinea-Bissau: Seventh Review Under the Extended Credit Facility and Request for Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

December 19, 2024

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Format: Chicago

International Monetary Fund. African Dept. "Guinea-Bissau: Seventh Review Under the Extended Credit Facility and Request for Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau", IMF Staff Country Reports 2024, 353 (2024), accessed December 20, 2024, https://doi.org/10.5089/9798400296703.002

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Summary

Guinea-Bissau continues to face a challenging economic and political environment. Recent downward shocks to cashew exports are adding pressures to the balance of payments and fiscal revenue. Tightening of regional financial conditions continue to raise borrowing costs. Since the political crisis in December 2023, underlying social tension has been high, and the next legislative election has been postponed to complete preparatory steps required by law. Despite these challenges, growth has been resilient, supported by strong public and private investments, and high producer prices of cashew nuts due to increased competition among exporters and strengthened securities measures. Risks to the outlook remain tilted towards the downside.

Subject: Arrears, Debt service, Debt sustainability analysis, Expenditure, Exports, External debt, Fiscal consolidation, Fiscal policy, Government debt management, International trade, Public debt, Public financial management (PFM), Revenue administration

Keywords: Arrears, Budget planning and preparation, Debt service, Debt sustainability, Debt sustainability analysis, Exports, Fiscal consolidation, Government debt management

Publication Details

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