Guinea-Bissau: 2010 Article IV Consultation and Request for a Three-Year Arrangement Under the Extended Credit Facility and for Additional Interim Assistance Under the Enhanced Heavily Indebted Poor Countries Initiative

International Monetary Fund

No 2010/117, IMF Staff Country Reports from International Monetary Fund

Abstract: Guinea-Bissau’s 2010 Article IV Consultation and request for a Three-Year Arrangement under the Extended Credit Facility are discussed. Despite the difficult external environment and its political challenges, in 2009, Guinea-Bissau made progress in stabilizing its economy through the Emergency Post-Conflict Assistance-supported program. Real GDP growth reached 3 percent, driven by a favorable cashew harvest and a pickup in construction activity. The main risks relate to political instability, vulnerability to external shocks, and the possibility of inadequate donor support.

Keywords: ISCR; CR; budget support operation; Guinea-Bissau; ECF request; Bissau; HIPC assistance; government ministry; IMF staff representative; Arrears; Government finance statistics; West Africa; Global (search for similar items in EconPapers)
Pages: 114
Date: 2010-05-14
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