Guinea-Bissau : Staff Report for the 2004 Article IV Consultation

1GNBEA2005001 Image
Price:  $15.00

Release Date: © March, 2005
ISBN : 978-1-45181-576-4
Stock #: 1GNBEA2005001
English
Stock Status: On back-order

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Description

This 2004 Article IV Consultation highlights that Guinea-Bissau’s economic performance has weakened substantially in recent years. Real GDP declined by 7 percent in 2002 and was flat in 2003. Structural reforms stalled after the war; the private sector remained incapacitated because of the destruction of equipment and infrastructure caused by the conflict, and the loss of stocks owing to confiscating and looting. In 2003, the external current account deficit, excluding official transfers, halved relative to the previous year, to 6.7 percent of GDP, reflecting higher cashew nut exports and stagnating imports.

Taxonomy

Emergency assistance , IMF governance and operations , Operations




More publications in this series: IMF Staff Country Reports