Cover IMF Staff Country Reports
Guinea: 2022 Article IV Consultation and Request for Disbursement Under the Rapid Credit Facility-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 2023: Issue 043
Language:
English
Publication Date:
24 Jan 2023
DOI:
https://doi.org/10.5089/9798400231889.002
ISBN:
9798400231889
ISSN:
1934-7685
Pages:
119
Keywords:
price shock; oil price hike; IMF budget support; money market rate; FX auction; fertilizer price; Mining sector; Inflation; Food security; Global; Africa; West Africa
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Following a coup d’état in September 2021 and a year of socio-political tension, the situation has stabilized after the authorities agreed with ECOWAS on a revised, shorter (24-month) transition calendar. While the non-mining sector remains weakened by the subsequent shocks—the pandemic, political uncertainty, the global food and fuel price shock and ensuing food insecurity—overall growth remains buoyant, driven by strong mining production. Inflation hovered around 12 percent for most of 2021 and 2022, despite significant international prices pressures. Food insecurity became increasingly acute during 2022 stemming from the price shock and could be exacerbated next year.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2023: Issue 043