Guinea: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/250, IMF Staff Country Reports from International Monetary Fund

Abstract: In 2003, Guinea's macroeconomic management deteriorated significantly, and the prospects for 2003 are uncertain at best. Performance under the 2002–03 poverty reduction and growth facility (PRGF)-supported program is weak. The main challenge is to promote and sustain the strong private sector-led growth that is necessary to achieve the poverty reduction objectives set out in the poverty reduction strategy paper (PRSP). IMF staff urged the authorities to adopt appropriate fiscal and monetary policies and step up the implementation of structural reforms.

Keywords: ISCR; CR; inflation rate; state; broad money; monetary management; private sector; Guinean authorities; priority spending; HIV and AIDS; Poverty reduction strategy; Exchange rates; Inflation; West Africa (search for similar items in EconPapers)
Pages: 60
Date: 2003-08-14
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