Guinea-Bissau : Staff-Monitored Program

This paper focuses on the Staff-Monitored Program (SMP) for Guinea-Bissau. The SMP, which covers the period April-December 2005, is based on the budget for 2005. It aims at avoiding new domestic arrears through a cash-rationing system, at improving tax administration and expenditure management, and at laying the basis for main public sector reform programs in the future. Economic policy focuses on rehabilitation of war-damaged infrastructure and on promoting economic growth by eliminating excessive regulation. The program also aims at improving governance.
Publication date: July 2005
ISBN: 9781451815795
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Public Finance , International - Economics , expenditure , external debt , debt service , balance of payments , expenditure management

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