Guinea-Bissau: Staff-Monitored Program

International Monetary Fund

No 2005/252, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper focuses on the Staff-Monitored Program (SMP) for Guinea-Bissau. The SMP, which covers the period April–December 2005, is based on the budget for 2005. It aims at avoiding new domestic arrears through a cash-rationing system, at improving tax administration and expenditure management, and at laying the basis for main public sector reform programs in the future. Economic policy focuses on rehabilitation of war-damaged infrastructure and on promoting economic growth by eliminating excessive regulation. The program also aims at improving governance.

Keywords: ISCR; CR; government; Guinea-Bissau; support; debt service; clearance program; government savings; financing gap; government program; debt relief; CFA franc; demobilization expenditure; capital contribution; Arrears; Current spending; Debt service; West Africa (search for similar items in EconPapers)
Pages: 54
Date: 2005-07-26
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