Guinea-Bissau: Staff Report for the 2013 Article IV Consultation; Debt Sustainability Analysis; Informational Annex; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Guinea-Bissau
International Monetary Fund
No 2013/197, IMF Staff Country Reports from International Monetary Fund
Abstract:
The staff report for the 2013 Article IV Consultation on Guinea-Bissau highlights the economic development and policies. Guinea-Bissau’s medium-term challenges are to diversify its economy, reduce widespread poverty, and generate employment opportunities. Recurrent internal conflicts have negatively affected economic growth, poverty reduction, and social advancement in Guinea-Bissau. The economic performance will depend critically on establishing a visibly inclusive political process while moving toward demobilization, and professionalization of the military forces. In the baseline, uncertainties about implementation of those conditions suggest scope for only a slow and weak recovery, leaving real per capita incomes below 2011 levels until at least 2016.
Keywords: ISCR; CR; debt; real GDP; authority; deficit; economic situation; Guinean authorities; Bissau-Guinean authority; authorities' effort; international community; Guinea Bissau's economy; management framework; Government finance statistics; West Africa; Global; Europe (search for similar items in EconPapers)
Pages: 75
Date: 2013-07-03
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