Guinea- Bissau: 2017 Article IV Consultation and Fourth Review Under the Extended Credit Facility Arrangement, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

International Monetary Fund

No 2017/380, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2017 Article IV Consultation highlights that Guinea-Bissau’s commitment to the Extended-Credit-Facility-supported program is strong and the results are apparent. The economy is growing strongly and the fiscal position has improved markedly. Supported by favorable terms of trade, real GDP growth averaged almost 6 percent in 2015–16, with a surplus on the external current account and inflation below 2 percent a year. Public financial management has improved and the 2017 fiscal deficit is projected to fall under 2 percent of GDP. The outlook is broadly favorable, with growth projected at 5 percent over the medium term.

Keywords: ISCR; CR; authority; West AFRITAC; government support; Bissau Guinean authorities; Bissau-Guinean authorities; taxpayer regime; baseline debt service; Government debt management; West Africa; Global; Europe (search for similar items in EconPapers)
Pages: 110
Date: 2017-12-18
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