Guinea-Bissau: 2002 Article IV Consultation–Staff Report

International Monetary Fund

No 2002/153, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2002 Article IV Consultation highlights that in 2001, Guinea–Bissau suffered a substantial slowdown in economic activity, with real GDP growth estimated at 0.2 percent, as a result of a sizable loss of foreign program financing, a drop in the international market prices for cashew nuts of about 30 percent, and delays in implementing the demobilization and pre-2000 domestic arrears settlement programs and receiving the concomitant disbursements. Delays in implementing required structural reforms have contributed significantly to Guinea–Bissau’s current difficulties.

Keywords: ISCR; CR; expenditure priority policy; government finances; April revenue collection; CFAF; excl. grant; revenue constraint; wage bill; deteriorating government finances; Commercial banks; Arrears; Poverty reduction strategy; West Africa (search for similar items in EconPapers)
Pages: 53
Date: 2002-07-26
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