Guinea: Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust—Staff Report; and Press Release

Author: International Monetary Fund. African Dept.

Since early 2014 Guinea has been experiencing an ongoing Ebola epidemic that has spread to several countries in the region.

Volume/Issue: Volume 2015 Issue 108

Publication date: May 2015

ISBN: 9781484343906

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Topics covered in this book

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Exports and Imports , ISCR , CR , Ebola epidemic , executive board approval , Guinea , spending , poverty reduction goal , response plan , obligations to the fund , Debt relief , Debt service , Ebola , Balance of payments need

Also of interest

Nepal

Republic of Congo : 2001 Article IV

Peru

Malawi

Summary

This paper discusses Guinea’s Request for Debt Relief Under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief (CCR) Trust. Since early 2014, Guinea has been experiencing an ongoing Ebola epidemic that has spread to several countries in the region. The immediate economic effect of the Ebola epidemic has been a pronounced slowdown in 2014. Performance under the Extended Credit Facility arrangement has been satisfactory, the difficult macroeconomic environment notwithstanding. The IMF staff supports the authorities’ request for assistance under the CC window of the CCR Trust given the nature of the public health disaster, and the ensuing financing needs to contain the disease and rehabilitate Guinea’s public health system.