Cover IMF Staff Country Reports
Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Guinea
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2016: Issue 261
Language:
English
Publication Date:
29 Jul 2016
DOI:
https://doi.org/10.5089/9781475520736.002
ISBN:
9781475520736
ISSN:
1934-7685
Pages:
81
Keywords:
ISCR; CR; government; Ebola epidemic; Guinean authorities; authorities' belief; bank; epidemic; authorities endeavor; authorities' baseline scenario; financing constraint; Budget planning and preparation; Bank supervision; Global; Africa; Middle East; North Africa; Sub-Saharan Africa; Europe
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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 during 2012–15, significantly below the performance of peers, and GDP per capita is estimated to have fallen, likely inducing an increase in poverty. The economy is recovering from the effects of the Ebola epidemic. Growth is projected to rebound to 3.7 percent in 2016, on the back of higher electricity provision from the Kaleta hydroelectric dam and a strong increase in bauxite production. The medium-term outlook is favorable, but continues to be clouded by downside risks.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2016: Issue 261