Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea

July 29, 2016

Preview Citation

Format: Chicago

Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea, (USA: International Monetary Fund, 2016) accessed November 25, 2024

Also available in: français

Summary

This 2016 Article IV Consultation highlights that Guinea’s economic performance over the past four years fell significantly short of the authorities’ ambitious projections. Economic growth averaged 1.8 percent during 2012–15, significantly below the performance of peers, and GDP per capita is estimated to have fallen, likely inducing an increase in poverty. The economy is recovering from the effects of the Ebola epidemic. Growth is projected to rebound to 3.7 percent in 2016, on the back of higher electricity provision from the Kaleta hydroelectric dam and a strong increase in bauxite production. The medium-term outlook is favorable, but continues to be clouded by downside risks.

Subject: Bank supervision, Banking, Budget planning and preparation, Financial regulation and supervision, Foreign exchange, National accounts, Public financial management (PFM)

Keywords: Africa, Authorities' baseline scenario, Authorities' belief, Authorities endeavor, Bank, Bank supervision, Budget planning and preparation, CR, Ebola epidemic, Epidemic, Europe, Financing constraint, Global, Government, Guinean authorities, ISCR, Middle East, North Africa, Sub-Saharan Africa

Publication Details

Pages:

81
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2016/261
Stock No:

1GINEA2016002
ISBN:

9781475520736
ISSN:

1934-7685

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