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© 2004 International Monetary Fund
November 2004
IMF Country Report No. 04/377
Guinea: Ex Post Assessment of Longer-Term Program Engagement
This Ex Post Assessment of Longer-Term Program Engagement for Guinea was prepared by a staff team of the International Monetary Fund as background documentation for the periodic consultation with the member country. It is based on the information available at the time it was completed on July 2, 2004. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Guinea or the Executive Board of the IMF.
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Front Matter Page
INTERNATIONAL MONETARY FUND
GUINEA
Ex-Post Assessment of Longer-Term Program Engagement
Prepared by a staff team from the African, Fiscal Affairs, Finance, Monetary and Financial Systems, and Policy Development and Review Departments1
Authorized for distribution by the African Department and Policy Development and Review Department
July 2, 2004
Contents
I. Introduction
II. Engagement with the Fund, 1997 to Present: Program Objectives, Policies and Performance
A. Program Objectives and Policies
B. Performance Under Fund-Supported Programs
Public finances
Monetary and financial sector
External sector
C. Involvement of—and Fund Relations with—Other Donors
D. Implementation of Fund-Supported Programs
Commitment to ownership
Program Design
III. Lessons and Policy Challenges For the Medium Term
IV. Future Fund Relations With Guinea
Tables
1. Guinea: History of IMF Lending Arrangements
2. Guinea: Structural Reforms Scheduled in Selected Key Sectors During 1997–2003: Unfinished Agenda
3. Selected Economic and Financial Indicators, 1996–2004
Figures
1. Broad Money and Consumer Price Inflation, January 1998–December 2003
2. Real Sector Indicators: Program Targets and Outcomes, 1997–2004
3. External Sector Indicators: Program Targets and Outcomes, 1996–2003
4. Exchange Rates, January 1998–December 2003