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Guinea: Staff Report for the 1999 Article IV Consultation and Request for the Third Annual Arrangement Under the Enhanced Structural Adjustment Facility
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2000: Issue 033
Language:
English
Publication Date:
08 Mar 2000
DOI:
https://doi.org/10.5089/9781451815177.002
ISBN:
9781451815177
ISSN:
1934-7685
Pages:
67
Keywords:
ISCR; CR; GDP; central bank; balance of payments; debt service; exchange rate; private sector; foreign exchange; Guinean authorities; Commercial banks; Currency markets; Sub-Saharan Africa; West Africa; Global
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The Guinean government faced economic management problems. The government revised its budget and adopted fiscal and monetary targets aimed at stopping monetary expansion by scaling back and controlling expenditure to meet revenue. Repayment of government debt to the central bank will increase private sector credit and the rebuilding of foreign exchange reserves. Exchange rate policy must be more clearly defined. Governance issues remain an important concern in Guinea. The enhanced Initiative for Highly Indebted Poor Countries (HIPC) will provide important debt relief to Guinea.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund