IMF Staff Country Reports

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

Publication Date:

November 28, 2016

Electronic Access:

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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.

Series:

Country Report No. 2016/365

Subject:

Arrears Bank supervision Banking External debt Financial regulation and supervision Foreign exchange National accounts Public financial management (PFM)