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Guinea : Economic Development Documents »

Volume/Issue: 2017/388

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2017

DOI: http://dx.doi.org/10.5089/9781484333945.002

ISBN: 9781484333945

Keywords: Sub-Saharan Africa, Guinea

Economic Development Documents...

Guinea : Request For A Three-Year Arrangement Under The Extended Credit Facility-Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2017/387

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 19 December 2017

DOI: http://dx.doi.org/10.5089/9781484333914.002

ISBN: 9781484333914

Keywords: Sub-Saharan Africa, Guinea

The Guinean economy has rebounded from the adverse impact of the Ebola epidemic and growth is expected to continue to be sustained supported by buoyant mining activity and the scaling-up of infrastructure investmen...

Medium-Term Budget Frameworks in Sub-Saharan African Countries »

Volume/Issue: 2017/203

Series: IMF Working Papers

Author(s): Richard Allen , Taz Chaponda , Lesley Fisher , and Rohini Ray

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 September 2017

DOI: http://dx.doi.org/10.5089/9781484314203.001

ISBN: 9781484314203

Keywords: Zambia, Congo, Republic of, Congo, Democratic Republic of the, Zimbabwe, Uganda, Togo, Tanzania, Sudan, Swaziland, Sub-Saharan Africa

More than 15 years ago, many countries in sub-Saharan Africa embarked on a program of budgetary reform, an important element of which was a medium-term budget framework (MTBF). This working paper focuses on the per...

Growth Breaks and Growth Spells in Sub-Saharan Africa »

Volume/Issue: 2017/202

Series: IMF Working Papers

Author(s): Francisco Arizala , Jesus Gonzalez-Garcia , Charalambos Tsangarides , and Mustafa Yenice

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 September 2017

DOI: http://dx.doi.org/10.5089/9781484314166.001

ISBN: 9781484314166

Keywords: Africa, Angola, Benin, Botswana, Burkina Faso, Burundi, Cameroon, Central African Republic, Chad, Comoros

This paper examines the growth performance of sub-Saharan African countries since 1960 through the lens of growth turning points (accelerations and decelerations) and periods of sustained growth (growth spells). Gr...

The Informal Economy in Sub-Saharan Africa : Size and Determinants »

Volume/Issue: 2017/156

Series: IMF Working Papers

Author(s): Leandro Medina , Andrew Jonelis , and Mehmet Cangul

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 July 2017

DOI: http://dx.doi.org/10.5089/9781484305942.001

ISBN: 9781484305942

Keywords: Uganda, South Africa, Rwanda, Senegal, Seychelles, Sierra Leone, Sudan, Swaziland, Tanzania, Togo

The multiple indicator-multiple cause (MIMIC) method is a well-established tool for measuring informal economic activity. However, it has been criticized because GDP is used both as a cause and indicator variable....

Food Inflation in Sub-Saharan Africa : Causes and Policy Implications »

Volume/Issue: 2016/247

Series: IMF Working Papers

Author(s): Emre Alper , Niko Hobdari , and Ali Uppal

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 22 December 2016

DOI: http://dx.doi.org/10.5089/9781475563115.001

ISBN: 9781475563115

Keywords: South Africa, Seychelles, Sierra Leone, Rwanda, Senegal, Togo, Sub-Saharan Africa, Tanzania, Sudan, Swaziland

This paper analyzes food inflation trends in Sub-Saharan Africa (SSA) from 2000 to 2016 using two novel datasets of disaggregated CPI baskets. Average food inflation is higher, more volatile, and similarly persiste...

Guinea : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2016/261

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 July 2016

DOI: http://dx.doi.org/10.5089/9781475520736.002

ISBN: 9781475520736

This 2016 Article IV Consultation highlights that Guinea's economic performance over the past four years fell significantly short of the authorities' ambitious projections. Economic growth averaged 1.8 percent duri...

Guinea : Selected Issues »

Volume/Issue: 2016/262

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 July 2016

DOI: http://dx.doi.org/10.5089/9781475520958.002

ISBN: 9781475520958

This Selected Issues paper presents the results of the application of the Debt, Investment, and Growth model to the case of Guinea. The model application allows simulation of the macroeconomic implications of scale...

Fixed Base Year vs. Chain Linking in National Accounts : Experience of Sub-Saharan African Countries »

Volume/Issue: 2016/133

Series: IMF Working Papers

Author(s): Robert Dippelsman , Venkat Josyula , and Eric Métreau

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 08 July 2016

DOI: http://dx.doi.org/10.5089/9781475569339.001

ISBN: 9781475569339

Keywords: System of National Accounts, chain linking, volume measures, fixed base year

There are two approaches for producing volume estimates of GDP, fixed base year and annual chaining. While most advanced economies have adopted the chain-linked approach in the past twenty years, some African count...

Women's Opportunities and Challenges in Sub-Saharan African Job Markets »

Volume/Issue: 2016/118

Series: IMF Working Papers

Author(s): Christine Dieterich , Anni Huang , and Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 13 June 2016

DOI: http://dx.doi.org/10.5089/9781484388518.001

ISBN: 9781484388518

Keywords: Multi-sector Labor Market, Agriculture Feminization, Female Informal Employment, Household Enterprise Employment, SSA Labor Market

As labor market data is scarce in Sub-Saharan Africa (SSA), this paper uses household survey data to analyze the determinants of the gender gap in the labor market and its welfare implications for five SSA countrie...

Guinea : Sixth and Seventh Reviews under the Extended Credit Facility Arrangement, Financing Assurances Review, and Requests for Waivers of Nonobservance of Performance Criteria, Extension of the Arrangement, and Rephasing of Disbursements-Press Release; Staff Report; and Statement by the Executive Director for Guinea »

Volume/Issue: 2016/95

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 04 April 2016

DOI: http://dx.doi.org/10.5089/9781513549774.002

ISBN: 9781513549774

Keywords: disbursements, central bank, monetary fund, revenue, exchange

This report reviews Guinea's economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. Guinea was declared free of the Ebola epidemic at end-2015, and after two years of sta...

Introducing a New Broad-based Index of Financial Development »

Volume/Issue: 2016/5

Series: IMF Working Papers

Author(s): Katsiaryna Svirydzenka

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 January 2016

DOI: http://dx.doi.org/10.5089/9781513583709.001

ISBN: 9781513583709

Keywords: Financial Development, Financial Institutions and Markets, Index, markets, financial institutions, financial systems, financial markets, General, Index Numbers and Aggregation, Methodology for Collecting

There is a vast body of literature estimating the impact of financial development on economic growth, inequality, and economic stability. A typical empirical study approximates financial development with either one...

Papua New Guinea : 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Papua New Guinea »

Volume/Issue: 2015/318

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2015

DOI: http://dx.doi.org/10.5089/9781513584683.002

ISBN: 9781513584683

Keywords: commodity prices, monetary fund, liquidity, exchange, market

This 2015 Article IV Consultation highlights that Papua New Guinea (PNG) is facing strong headwinds from lower global commodity prices. Although the commencement of liquefied natural gas (LNG) production has booste...

Papua New Guinea : Selected Issues »

Volume/Issue: 2015/319

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 November 2015

DOI: http://dx.doi.org/10.5089/9781513564357.002

ISBN: 9781513564357

Keywords: bank, banks, services, banking, financial services

This Selected Issues paper provides an overview of financial access and inclusion indicators, related causal factors, and both current and possible reform priorities for on Papua New Guinea (PNG). The paper present...

Central African Economic and Monetary Community (CEMAC) Selected Issues »

Volume/Issue: 2015/308

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

DOI: http://dx.doi.org/10.5089/9781513510583.002

ISBN: 9781513510583

Keywords: Economic growth, Oil prices, Public investment, Monetary transmission mechanism, Economic indicators, Economic models, Selected Issues Papers, Central African Economic and Monetary Community, growth, governance

This Selected Issues paper compares the growth performance of Central African Economic and Monetary Community (CEMAC) countries with that of comparative countries. During the last two decades, the average growth of...

Natural Resource Booms in the Modern Era : Is the curse still alive? »

Volume/Issue: 2015/237

Series: IMF Working Papers

Author(s): Andrew Warner

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 November 2015

DOI: http://dx.doi.org/10.5089/9781513507224.001

ISBN: 9781513507224

Keywords: Resource Booms, gdp, economy, investment, capital, value, Infrastructures, All Countries,

The global boom in hydrocarbon, metal and mineral prices since the year 2000 created huge economic rents - rents which, once invested, were widely expected to promote productivity growth in other parts of the boomi...

Fiscal Consequences of Terrorism »

Volume/Issue: 2015/225

Series: IMF Working Papers

Author(s): Serhan Cevik , and John Ricco

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 October 2015

DOI: http://dx.doi.org/10.5089/9781513510965.001

ISBN: 9781513510965

Keywords: tax, revenue, attacks, share, General, National Security and War, All Countries,

This paper provides an empirical analysis of how the frequency and severity of terrorism affect government revenue and expenditure during the period 1970-2013 using a panel dataset on 153 countries. We find that te...

Guinea : Request for Debt Relief Under the Catastrophe Containment Window of the Catastrophe Containment and Relief Trust-Staff Report; and Press Release »

Volume/Issue: 2015/108

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2015

DOI: http://dx.doi.org/10.5089/9781484343906.002

ISBN: 9781484343906

Keywords: debt, debt service, repayment, balance of payments

This paper discusses Guinea's Request for Debt Relief Under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief (CCR) Trust. Since early 2014, Guinea has been experiencing an ongoing E...

Guinea : Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, and Requests for an Augmentation of Access and Extension of the Current Arrangement »

Volume/Issue: 2015/39

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2015

DOI: http://dx.doi.org/10.5089/9781498309561.002

ISBN: 9781498309561

Keywords: monetary fund, budget, debt, revenue, disbursement

This paper discusses Guinea's Fifth Review Under the Three-Year Arrangement Under the Extended Credit Facility (ECF), Financing Assurances Review, and Requests for an Augmentation of Access and Extension of Current...

Guinea : Poverty Reduction Strategy Paper-Progress Report »

Volume/Issue: 2015/40

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 February 2015

DOI: http://dx.doi.org/10.5089/9781498307864.002

ISBN: 9781498307864

Keywords: health, implementation, strategy, immunization, social services

...

Papua New Guinea : Staff Report for the 2014 Article IV Consultation »

Volume/Issue: 2014/325

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2014

DOI: http://dx.doi.org/10.5089/9781498355711.002

ISBN: 9781498355711

Keywords: debt, exchange, exchange rate, monetary fund, revenue

This 2014 Article IV Consultation highlights that Papua New Guinea's economy is experiencing an important transition, as new liquefied natural gas (LNG) production and exports commence. With LNG production and expo...

Papua New Guinea : Selected Issues Paper »

Volume/Issue: 2014/326

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 02 December 2014

DOI: http://dx.doi.org/10.5089/9781616355296.002

ISBN: 9781616355296

Keywords: revenue, debt, expenditure, budget

This Selected Issues paper analyzes the sustainability of Papua New Guinea's current and medium-term fiscal policy and its consistency with government objectives. The Papua New Guinea government faces major challen...

Guinea : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report; Press Release; and Statement by the Executive Director for Guinea »

Volume/Issue: 2014/244

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 21 November 2014

Language: French

DOI: http://dx.doi.org/10.5089/9781498331616.002

ISBN: 9781498331616

EXECUTIVE SUMMARY Economic activity remained weak in early 2014. Activity was impacted by an outbreak of the Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty...

Guinea : Requests for Disbursement Under the Rapid Credit Facility and For Modification of Performance Criteria Under the Extended Credit Facility Arrangement »

Volume/Issue: 2014/298

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 29 September 2014

DOI: http://dx.doi.org/10.5089/9781484340288.002

ISBN: 9781484340288

Keywords: central bank, external debt, debt relief, current account, balance of payments

EXECUTIVE SUMMARY Guinea is suffering from an outbreak of Ebola, which has become a humanitarian crisis with a significant economic impact. Preliminary estimates suggest a negative impact on 2014 growth, which wi...

Food Prices and the Multiplier Effect of Trade Policy »

Volume/Issue: 2014/182

Series: IMF Working Papers

Author(s): Paolo Giordani , Nadia Rocha , and Michele Ruta

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 September 2014

DOI: http://dx.doi.org/10.5089/9781498320382.001

ISBN: 9781498320382

Keywords: Loss aversion, Multiplier effect, Food crisis, domestic price, world price, global trade, import tariff, import subsidy, International Relations and International Political Economy: Other, Global Commodity Crises

This paper studies the relationship between trade policy and food prices. We show that, when individuals are loss averse, governments may use trade policy to shield the domestic economy from large food price shocks...

Guinea : Fourth Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review »

Volume/Issue: 2014/244

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 August 2014

DOI: http://dx.doi.org/10.5089/9781498307192.002

ISBN: 9781498307192

Keywords: central bank, external debt, debt relief, debt management, public debt

EXECUTIVE SUMMARY Economic activity remained weak in early 2014. Activity was impacted by an outbreak of the Ebola virus since late 2013, but lagging structural reforms, energy shortages, and political uncertainty...

Revenue Administration : Administering Revenues from Natural Resources - A Short Primer »

Volume: 14

Series: Technical Notes and Manuals

Author(s): Andrea Lemgruber

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 June 2014

DOI: http://dx.doi.org/10.5089/9781498349673.005

ISBN: 9781498349673

Keywords: Natural resource taxation, Natural resources, Revenue administration, Tax administration

Many developing countries have significant natural resource endowments, presenting a remarkable opportunity to boost long-term growth. However, this opportunity comes with enormous challenges. To maximize social an...

From Volatility to Stability in Expenditure : Stabilization Funds in Resource-Rich Countries »

Volume/Issue: 2014/43

Series: IMF Working Papers

Author(s): Naotaka Sugawara

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 12 March 2014

DOI: http://dx.doi.org/10.5089/9781475515275.001

ISBN: 9781475515275

Keywords: stabilization fund, fiscal volatility, government expenditure, institution, stabilization, expenditure, public spending, Comparative or Joint Analysis of Fiscal and Monetary or Stabilization Policy, General, Government Policy,

This paper examines the effect of stabilization funds on the volatility of government expenditure in resource-rich countries. Using a panel data set of 68 resource-rich countries over 1988-2012, the results find th...

Guinea : Third Review Under the Three-Year Arrangement Under the Extended Credit Facility, and Financing Assurances Review-Staff Report and Press Release »

Volume/Issue: 2014/63

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 27 February 2014

DOI: http://dx.doi.org/10.5089/9781484322505.002

ISBN: 9781484322505

Keywords: Guinea, mining, central bank, debt relief, external debt, public debt

This paper discusses Guinea's Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF) and Financing Assurances Review. The macroeconomic environment in Guinea in 2013 was difficult, r...

Papua New Guinea : Staff Report for the 2013 Article IV Consultation »

Volume/Issue: 2013/339

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. Asia and Pacific Dept

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 December 2013

DOI: http://dx.doi.org/10.5089/9781475556216.002

ISBN: 9781475556216

Keywords: external debt, public debt, current account, public external debt, debt sustainability

This 2013 Article IV Consultation highlights that Papua New Guinea has achieved strong economic growth over the past decade, benefiting from high commodity prices, mineral investment inflows, sound macroeconomic po...

Resource Dependence and Fiscal Effort in Sub-Saharan Africa »

Volume/Issue: 2013/188

Series: IMF Working Papers

Author(s): Alun Thomas , and Juan Trevino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 28 August 2013

DOI: http://dx.doi.org/10.5089/9781484391501.001

ISBN: 9781484391501

Keywords: Tax law, resource rich, resource booms, tax rates, tax effort, tax evasion, tax ratios, tax base, General, Government Policy,

High natural resource prices in recent years have resulted in sizeable increases in fiscal revenue for many resource-exporting countries in sub-Saharan Africa. However, this revenue source is volatile, and arguably...

Guinea : Poverty Reduction Strategy Paper »

Volume/Issue: 2013/191

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781475566444.002

ISBN: 9781475566444

Keywords: social security, social services, basic social services, incidence of poverty, poverty reduction strategy

This paper on Poverty Reduction Strategy Papers on Guinea explains medium-term development framework to achieve Millennium Development Goals and fulfill the authorities' vision of Guinea as an emerging economy in 1...

Guinea : Poverty Reduction Strategy Paper-Joint Staff Advisory Note »

Volume/Issue: 2013/190

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781484303290.002

ISBN: 9781484303290

Keywords: mining, poverty reduction strategy, poverty alleviation, poverty reduction strategy paper, household surveys

This paper presents a Joint Staff Advisory Note on Guinea's Poverty Reduction Strategy Paper (PRSP). Baseline economic growth is projected to accelerate to 5.2 percent in 2014 and beyond, up from just under 4 perce...

Guinea : Second Review Under the Three-Year Arrangement Under the Extended Credit Facility, Requests for Waiver of Nonobservance and Modification of Performance Criterion, and Financing Assurances Review »

Volume/Issue: 2013/192

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 03 July 2013

DOI: http://dx.doi.org/10.5089/9781484390375.002

ISBN: 9781484390375

Keywords: external debt, central bank, debt relief, debt reduction

This paper discusses Guinea's Second Review Under the Three-Year Arrangement under the Extended Credit Facility, Requests for Modifications of Performance Criteria and Waiver of Nonobservance of Performance Criteri...

Fiscal Policy over the Election Cycle in Low-Income Countries »

Volume/Issue: 2013/153

Series: IMF Working Papers

Author(s): Christian Ebeke , and Dilan Ölcer

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 June 2013

DOI: http://dx.doi.org/10.5089/9781475588514.001

ISBN: 9781475588514

Keywords: Elections, IMF programs, tax revenues, national fiscal rules, fiscal policy, fiscal rule, Economic Models of Political Processes: Rent-Seeking, Legislatures, and Voting Behavior,

Focusing on Low-Income Countries, we investigate the behavior of fiscal variables during and after elections. The results indicate that during election years, government consumption significantly increases and lead...

The Macroeconomic Effects of Natural Resource Extraction : Applications to Papua New Guinea »

Volume/Issue: 2013/138

Series: IMF Working Papers

Author(s): Suman Basu , Jan Gottschalk , Werner Schule , Nikhil Vellodi , and Susan Yang

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 May 2013

DOI: http://dx.doi.org/10.5089/9781484321379.001

ISBN: 9781484321379

Keywords: natural resource, resource-rich developing countries, DSGE models, monetary policy, central bank, inflation, foreign exchange, money supply, Exhaustible Resources and Economic Development, Economic Growth of Open Economies

To investigate the effects on Papua New Guinea’s economy of substantial liquified natural gas revenues arriving in 2015, we employ a model to examine the macroeconomic effects of a scalingup of natural resou...

Income and Democracy : Lipset's Law Revisited »

Volume/Issue: 2012/295

Series: IMF Working Papers

Author(s): Anke Hoeffler , Robert H. Bates , and Ghada Fayad

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 17 December 2012

DOI: http://dx.doi.org/10.5089/9781475596649.001

ISBN: 9781475596649

Keywords: democracy, dynamic panel data, parameter heterogeneity, cross-section dependence, time series, democratization, error correction coefficient, econometrics, political institutions, Models with Panel Data

We revisit Lipset‘s law, which posits a positive and significant relationship between income and democracy. Using dynamic and heterogeneous panel data estimation techniques, we find a significant and negative relat...

Guinea : First Review Under the Three-Year Arrangement Under the Extended Credit Facility, Financing Assurances Review, Request for a Waiver of Nonobservance of a Performance Criterion and Request for Modification of Performance Criteria-Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea.: Request for a Waiver of Nonobservance of a Performance Criterion and Request for Modification of Performance Criteria-Staff Report; Informational Annex; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea. »

Volume/Issue: 2012/301

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 07 November 2012

DOI: http://dx.doi.org/10.5089/9781616350918.002

ISBN: 9781616350918

Keywords: central bank, external debt, debt relief, debt service, budget law

Guinea is making good progress in recovering from a long period of social unrest and military rule. Macroeconomic imbalances have been reduced, major structural reforms are under way, and long-neglected infrastruct...

Guinea : Enhanced Initiative for Heavily Indebted Poor Countries-Completion Point Document and Multilateral Debt Relief Initiative »

Volume/Issue: 2012/295

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2012

DOI: http://dx.doi.org/10.5089/9781475542783.002

ISBN: 9781475542783

Keywords: external debt, central bank, debt sustainability, multilateral creditors

This paper was prepared by staffs of the International Monetary Fund and the World Bank in connection with the Executive Board's consideration of Guinea's Completion Point under the Enhanced Initiative for Heavily...

Guinea : Joint Staff Advisory Note on the Extended Poverty Reduction Strategy Paper 2011-12 and the 2011 Progress Report »

Volume/Issue: 2012/297

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2012

DOI: http://dx.doi.org/10.5089/9781475555103.002

ISBN: 9781475555103

Keywords: poverty reduction strategy, reduction strategy, monitoring and evaluation, poverty alleviation

The attached Joint Staff Advisory Note (JSAN) on the Implementation of the Poverty Reduction Strategy Paper for Guinea, prepared jointly by the staffs of the World Bank and the IMF, was distributed with the member...

Guinea : Poverty Reduction Strategy Paper-Progress Report »

Volume/Issue: 2012/296

Series: IMF Staff Country Reports

Author(s): International Monetary Fund. African Dept.

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 31 October 2012

DOI: http://dx.doi.org/10.5089/9781475534481.002

ISBN: 9781475534481

Keywords: social protection, good governance, regulatory framework, social services, drinking water

Poverty Reduction Strategy Papers (PRSPs) are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated every three y...

Papua New Guinea : 2012 Article IV Consultation: Staff Report; Public Information Notice »

Volume/Issue: 2012/126

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475504033.002

ISBN: 9781475504033

Keywords: public debt, external debt, debt service, current account, public external debt

Papua New Guinea has seen solid economic growth over the past decade, supported by sound macroeconomic policies. This 2012 Article IV Consultation discusses that the financial sector in Papua New Guinea remains pro...

Exchange Rate Pass-Through in Sub-Saharan African Economies and its Determinants »

Volume/Issue: 2012/141

Series: IMF Working Papers

Author(s): Ivohasina Razafimahefa

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 June 2012

DOI: http://dx.doi.org/10.5089/9781475503982.001

ISBN: 9781475503982

Keywords: exchange rate, impulse responses, exchange rate pass, exchange rate changes,

This paper analyzes the exchange rate pass-through to domestic prices and its determinants in sub-Saharan African countries. It finds that the pass-through is incomplete. The pass-through is larger following a depr...

Fiscal Frameworks for Resource Rich Developing Countries »

Volume/Issue: 2012/4

Series: Staff Discussion Notes

Author(s): Marcos Poplawski-Ribeiro , Mauricio Villafuerte , Thomas Baunsgaard , and Christine Richmond

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 16 May 2012

DOI: http://dx.doi.org/10.5089/9781475510065.006

ISBN: 9781475510065

Keywords: Developing countries, Fiscal sustainability, Natural resources, permanent income hypothesis, public financial management, fiscal framework, fiscal rules, macro-fiscal management, fiscal policy, long-term fiscal sustainability

Staff Discussion Notes showcase the latest policy-related analysis and research being developed by individual IMF staff and are published to elicit comment and to further debate. These papers are generally brief an...

Guinée : Consultations de 2011 au titre de l'article IV et demande d'un accord triennal au titre de la Facilité élargie de crédit et d'une aide intérimaire supplémentaire dans le cadre de l'Initiative renforcée en faveur des pays pauvres très endettés-Rapport des services du FMI; note d'information au public et communiqué de presse sur les débats du Conseil d'administration; et déclaration de l'Administrateur pour la Guinée »

Volume/Issue: 2012/63

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 20 April 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781475503036.002

ISBN: 9781475503036

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Guinée-Rapport de mise en œuvre de la stratégie de réduction de la pauvreté Rapport d'avancement annuel : Poverty Reduction Strategy Paper: Annual Progress Report »

Volume/Issue: 2012/61

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 18 April 2012

Language: French

DOI: http://dx.doi.org/10.5089/9781475503029.002

ISBN: 9781475503029

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discuss...

Guinea : 2011 Article IV Consultation and Requests for a Three-Year Arrangement Under the Extended Credit Facility, and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea. »

Volume/Issue: 2012/63

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 26 March 2012

DOI: http://dx.doi.org/10.5089/9781475502602.002

ISBN: 9781475502602

Keywords: central bank, external debt, debt relief, debt service, fiscal balance

This paper presents Guinea's 2011 Article IV Consultation and requests for a three-year arrangement under the Extended Credit Facility. The macroeconomic improvement in 2011 has been mainly owed to sharp fiscal ad...

Guinea : Poverty Reduction Strategy Paper: Annual Progress Report »

Volume/Issue: 2012/61

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 23 March 2012

DOI: http://dx.doi.org/10.5089/9781475502534.002

ISBN: 9781475502534

Keywords: food security, food insecurity, living conditions, social services, social protection

Guinea's 2007-10 Poverty Reduction Strategy Paper is intended to reestablish strong, sustainable economic growth in a favorable political and institutional context. The percentage of underweight children under age...

International Reserves in Low Income Countries : Have they Served As Buffers? »

Volume/Issue: 2012/7

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 January 2012

DOI: http://dx.doi.org/10.5089/9781463930561.001

ISBN: 9781463930561

Keywords: Reserve adequacy, exogenous shocks, terms of trade, current account, reserve holdings, exchange rate regime,

This paper provides a historical perspective on the role of international reserves in low-income countries as a cushion against large external shocks over the last three decades - including the current global crisi...

Oil-Price Boom and Real Exchange Rate Appreciation : Is there Dutch Disease in the Cemac? »

Volume/Issue: 2011/268

Series: IMF Working Papers

Author(s): Juan Trevino

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 November 2011

DOI: http://dx.doi.org/10.5089/9781463924676.001

ISBN: 9781463924676

Keywords: real exchange rate, growth, exchange rate, oil importers, real exchange rate appreciation, exchange rate appreciation, International Factor Movements: Other, Open Economy Macroeconomics, Economic Growth of Open Economies, Demand and Supply of Labor: General

The paper employs a heuristic comparative approach suggested by Ismail (2009) to search for evidence of Dutch disease in oil-rich countries of the Central African Economic and Monetary Community (CEMAC). While thes...

Guinea : Staff-Monitored Program »

Volume/Issue: 2011/251

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 11 August 2011

DOI: http://dx.doi.org/10.5089/9781462331468.002

ISBN: 9781462331468

Keywords: central bank, debt service, budget support, fiscal control

Guinea is emerging from a prolonged period of political crisis. The new government has taken bold steps to address the serious macroeconomic imbalances. The intention to establish a special fund to govern spending...

Papua New Guinea : Financial System Stability Assessment »

Volume/Issue: 2011/163

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 05 July 2011

DOI: http://dx.doi.org/10.5089/9781455291694.002

ISBN: 9781455291694

Keywords: banking, risk management, banking system, banking sector, due diligence

Papua New Guinea (PNG) was only mildly impacted on the financial front during the global crisis. Although the financial sector in PNG has been a source of strength in 2000, vulnerabilities exist and need to be care...

Fiscal Policy Implementation in Sub-Saharan Africa »

Volume/Issue: 2011/172

Series: IMF Working Papers

Author(s): Victor Lledo , and Marcos Poplawski-Ribeiro

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2011

DOI: http://dx.doi.org/10.5089/9781462314317.001

ISBN: 9781462314317

Keywords: policy implementation, budget institutions, statistic, budget balance, computation, correlation,

This paper investigates economic, political, and institutional constraints to fiscal policy implementation in sub-saharan Africa. We find that planned fiscal adjustments or expansions are less likely to be implemen...

Papua New Guinea : 2011 Article IV Consultation: Staff Report; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Papua New Guinea »

Volume/Issue: 2011/117

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 25 May 2011

DOI: http://dx.doi.org/10.5089/9781455281589.002

ISBN: 9781455281589

Keywords: public debt, external debt, debt service, current account, debt sustainability

Papua New Guinea showed solid economic growth, supported by greater political stability, fiscal framework, and a healthy banking sector. Executive Directors encouraged the authorities to consider tighter macroecono...

Words vs. Deeds : What Really Matters? »

Volume/Issue: 2011/112

Series: IMF Working Papers

Author(s): Mahvash Qureshi , Atish Ghosh , and Charalambos Tsangarides

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 May 2011

DOI: http://dx.doi.org/10.5089/9781455261413.001

ISBN: 9781455261413

Keywords: policy credibility, exchange rate, exchange rate regime, central bank, inflation performance, Open Economy Macroeconomics,

This paper revisits the link between the nominal exchange rate regime and inflation, based on a sample of 145 emerging market and developing countries (EMDCs) over the period 1980-2010. We contend that, just as a d...

Feeling The Elephant's Weight : The Impact of Côte d'Ivoire's Crisis on WAEMU Trade »

Volume/Issue: 2011/80

Series: IMF Working Papers

Author(s): Philippe Egoume Bossogo , and Ankouvi Nayo

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 April 2011

DOI: http://dx.doi.org/10.5089/9781455226085.001

ISBN: 9781455226085

Keywords: integration, political instability, gravity models, WAEMU, C&;amp;#x00F4;te d&;amp;#x2019;Ivoire, trade partners, trade flows, Country and Industry Studies of Trade, Trade: Forecasting and Simulation,

This paper analyzes the impact of political instability in Côte d'Ivoire on WAEMU trade over 1990-2007, applying panel econometric techniques to a gravity model of trade within WAEMU and between WAEMU and the rest...

Classifications of Countries Basedon their Level of Development : How it is Done and How it Could Be Done »

Volume/Issue: 2011/31

Series: IMF Working Papers

Author(s): Lynge Nielsen

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455216789.001

ISBN: 9781455216789

Keywords: Country classification systems, taxonomy, taxonomies, per capita income, balance of payments, exporting countries, Economic Development: General,

The paper analyzes how the UNDP, the World Bank, and the IMF classify countries based on their level of development. These systems are found lacking in clarity with regard to their underlying rationale. The paper a...

Growth in Africa Under Peace and Market Reforms »

Volume/Issue: 2011/40

Series: IMF Working Papers

Author(s): Olessia Korbut , Gonzalo Salinas , and Cheikh Gueye

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 February 2011

DOI: http://dx.doi.org/10.5089/9781455217861.001

ISBN: 9781455217861

Keywords: growth, Africa, political stability, exchange rate, economic outlook, current account, international monetary fund

Economic stagnation in Sub-Saharan Africa (SSA) has led several economists to question the region's ability to attain sustained economic growth, some of them arguing for the need to shift away from natural resource...

Is Social Spending Procyclical? »

Volume/Issue: 2010/234

Series: IMF Working Papers

Author(s): Sanjeev Gupta , Alejandro Hajdenberg , and Javier Arze del Granado

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2010

DOI: http://dx.doi.org/10.5089/9781455209347.001

ISBN: 9781455209347

Keywords: social spending, expenditures, health expenditures, public expenditures, total expenditures,

This paper studies the cyclical behavior of public spending on health and education in 150 countries during 1987 - 2007. It finds that spending on education and health is procyclical in developing countries and acy...

Mother, Can I Trust the Government? Sustained Financial Deepening : A Political Institutionsview »

Volume/Issue: 2010/210

Series: IMF Working Papers

Author(s): Marc Quintyn , and Genevieve Verdier

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2010

DOI: http://dx.doi.org/10.5089/9781455205417.001

ISBN: 9781455205417

Keywords: Financial development, political institutions, financial liberalization, financial deepening, financial sector development, financial system, financial sector, General Financial Markets: Government Policy and Regulation, Financial Institutions and Services: Government Policy and Regulation, Economic History: Financial Markets and Institutions: General

Only a minority of countries have succeeded in establishing a developed financial system, despite widespread financial liberalization. Confronted with this finding, the political institutions view claims that susta...

A Method for Calculating Export Supply and Import Demand Elasticities »

Volume/Issue: 2010/180

Series: IMF Working Papers

Author(s): Stephen Tokarick

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 July 2010

DOI: http://dx.doi.org/10.5089/9781455202140.001

ISBN: 9781455202140

Keywords: import, export, elasticities, export supply, import demand, export volume, imported inputs, export demand, Neoclassical Models of Trade,

Trade elasticities are often needed in applied country work for various purposes and this paper describes a method for estimating import demand and export supply elasticities withoutusing econometrics. The paper re...

Papua New Guinea : 2010 Article IV Consultation: Staff Report and Public Information Notice »

Volume/Issue: 2010/164

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2010

DOI: http://dx.doi.org/10.5089/9781455204649.002

ISBN: 9781455204649

Keywords: debt, external debt, revenues, deficit, public debt

This 2010 Article IV Consultation highlights that real activity in Papua New Guinea was relatively unaffected by the global downturn, with growth easing to roughly 5 percent in 2009 from 7 percent in 2008. A number...

Papua New Guinea : Selected Issues Paper and Statistical Appendix »

Volume/Issue: 2010/163

Series: IMF Staff Country Reports

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 10 June 2010

DOI: http://dx.doi.org/10.5089/9781455204632.002

ISBN: 9781455204632

Keywords: budget, deficit, debt, government spending

This Article IV Consultation reports that the main challenge is to maintain macroeconomic stability in substantial demand shock from the construction of two major liquefied natural gas projects. The global downturn...

Estimating The Inflation-Growth Nexus-A Smooth Transition Model »

Volume/Issue: 2010/76

Series: IMF Working Papers

Author(s): Raphael Espinoza , Ananthakrishnan Prasad , and Gene Leon

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 March 2010

DOI: http://dx.doi.org/10.5089/9781451982190.001

ISBN: 9781451982190

Keywords: Growth, Phillips curve, Logistic Smooth Transition, effect of inflation, terms of trade, monetary fund,

Motivated by the global inflation episode of 2007-08 and concern that high levels of inflation could undermine growth, this paper uses a panel of 165 countries and data for 1960-2007 to revisit the nexus between in...

Trade and Thy Neighbor's War »

Volume/Issue: 2009/283

Series: IMF Working Papers

Author(s): Mahvash Qureshi

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 December 2009

DOI: http://dx.doi.org/10.5089/9781451874280.001

ISBN: 9781451874280

Keywords: conflict, contiguous states, bilateral trade, international conflict, international conflicts, trade flows, civil war,

This paper examines the spatial dispersion effects of regional conflicts, defined as internal or external armed conflicts in contiguous states, on international trade. Our empirical findings-based on different meas...

Access to Market Financing for IDA-eligible Countries-the Role of External Debt and IMF-Supported Programs »

Volume/Issue: 2009/217

Series: IMF Working Papers

Author(s): Alun Thomas

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

DOI: http://dx.doi.org/10.5089/9781451873641.001

ISBN: 9781451873641

Keywords: decision point, enhanced HIPC Initiative, IMF-supported program, debt ratio, debt service, debt ratios, concessional debt,

Exclusion restrictions used to identify demand and supply relationships for market financing among IDA recipients (past and present) show that poor credit ratings and high political instability adversely impact the...

Macro-Hedging for Commodity Exporters »

Volume/Issue: 2009/229

Series: IMF Working Papers

Author(s): Eduardo Borensztein , Damiano Sandri , and Olivier Jeanne

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 October 2009

DOI: http://dx.doi.org/10.5089/9781451873764.001

ISBN: 9781451873764

Keywords: commodity exports, hedging instruments, forward contracts, open interest, commodity prices,

This paper uses a dynamic optimization model to estimate the welfare gains of hedging against commodity price risk for commodity-exporting countries. The introduction of hedging instruments such as futures and opti...

Commodity Terms of Trade : The History of Booms and Busts »

Volume/Issue: 2009/205

Series: IMF Working Papers

Author(s): International Monetary Fund

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873528.001

ISBN: 9781451873528

Keywords: commodity booms, commodity busts, commodity exporters, exporters, Trade: General, Macroeconomic Aspects of International Trade and Finance: General, Economic Growth of Open Economies,

We compile a historical dataset covering nearly 40 years of booms and busts in the commodity terms of trade of over 150 countries. We discuss the characteristics of these events and their effects on macroeconomic p...

São Tomé and Príncipe : Domestic Tax System and Tax Revenue Potential »

Volume/Issue: 2009/215

Series: IMF Working Papers

Author(s): Nisreen Farhan

Publisher: INTERNATIONAL MONETARY FUND

Publication Date: 01 September 2009

DOI: http://dx.doi.org/10.5089/9781451873627.001

ISBN: 9781451873627

Keywords: S&;amp;#x00E3;o Tom&;amp;#x00E9; and Pr&;amp;#x00ED;ncipe, Tax revenue Potential, Optimal Taxation, tax revenue, tax system, tax potential

São Tomé and Príncipe is very open and highly depends on imports resulting in high indirect tax revenue. At the same time, the production and export base are very narrow, leaving the authorities with a small domest...