Guinea: Eighth and Final Review Under the Extended Credit Facility Arrangement and Financing Assurances Review, and Request for Extension of the Current Arrangement-Press Release; and Staff Report
Volume/Issue:
Volume 2016
Issue 365
Publication date: November 2016
ISBN: 9781475557411
$18.00
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Banks and Banking , Exports and Imports , Economics- Macroeconomics , Public Finance , ISCR , CR , policy , Guinean authority , authority , external arrears , issuance , staff appraisal , policy development , Guinea's economy , Arrears , Bank supervision , Global , Africa , Middle East , Sub-Saharan Africa
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Summary
This paper discusses Guinea’s Eighth and Final Review Under the Extended Credit Facility (ECF) Arrangement and Financing Assurances Review, and Request for Extension of the Current Arrangement. Guinea’s medium-term economic prospects are good. Growth is projected to average 5 percent during 2017–20, on the back of higher investments in the mining sector, increases in food production, and better electricity services. The recovery in the agricultural sector will allow the growth rebound to be shared by larger segments of the population, but the sector remains vulnerable to weather-related supply shocks. The IMF staff supports the completion of the eighth review under the ECF arrangement and financing assurances review.
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