Guinea-Bissau: First Review Under the Extended Credit Facility, Request for a Waiver of Nonobservance of Performance Criterion-Press Release; Staff Report
Electronic Access:
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Summary:
Guinea-Bissau is a fragile state facing significant development challenges, including sustaining the recovery from the COVID-19 pandemic, supply disruptions, and the global economic slowdown. The IMF Board approved a three-year ECF arrangement with access of 100 percent of quota (SDR 28.4 million) in January 2023. Building on the 2021 SMP achievements, the program supports a credible fiscal consolidation that ensures medium-term debt sustainability. The structural agenda to strengthen governance and AML/CFT framework will improve the management of fiscal resources and public investment, increase transparency and accountability and counter corruption.
Series:
Country Report No. 2023/206
Subject:
Arrears Commercial banks Credit External debt Financial institutions International organization Monetary policy Money Public debt Revenue administration
Frequency:
regular
English
Publication Date:
June 13, 2023
ISBN/ISSN:
9798400243257/1934-7685
Stock No:
1GNBEA2023002
Format:
Paper
Pages:
62
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