Cover IMF Staff Country Reports
Guinea: Recent Economic Developments
Author:
International Monetary Fund
Search for other papers by International Monetary Fund in
Current site
Google Scholar
PubMedClose
Series:
IMF Staff Country Reports
Volume/Issue:
Volume 1999: Issue 113
Language:
English
Publication Date:
20 Oct 1999
DOI:
https://doi.org/10.5089/9781451815917.002
ISBN:
9781451815917
ISSN:
1934-7685
Pages:
84
Keywords:
ISCR; CR; GDP; government; price; export; deficit; fiscal policy; oil revenue; export crop subsector; monetary policy; debt service; private sector; broad money; Oil; Agroindustries; gas and mining taxes; Exports; Oil production; Sub-Saharan Africa
Download PDF (3.8 MB) Download Epub
This paper reviews economic developments in Guinea during 1990–98. Economic developments were dominated by the coming on stream of important oil fields in 1992 and 1996, and the subsequent breakdown in fiscal discipline and transparency. In response to the January 1994 devaluation of the CFA franc, there was also an upturn in the non-oil sector, led by intensification in logging activity that resulted in an unsustainable level of timber output in 1997. Real GDP growth averaged 8.5 percent a year in 1992–95, and rose to 29 percent in 1996.
  • Collapse
  • Expand
Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 1999: Issue 113