International Monetary Fund (IMF) / Press Release

Source: International Monetary Fund (IMF) | Dec 23, 2022

International Monetary Fund (IMF) Executive Board Approves US$71 Million in Emergency Financing Support and Concludes 2022 Article IV Consultation with Guinea

Growth is expected to reach 4.7 percent in 2022 and 5.6 percent in 2023, driven by continued strength in the mining sector

Growth is expected to reach 4.7 percent in 2022 and 5.6 percent in 2023, driven by continued strength in the mining sector, though the non-mining sector is grappling with the impact of international price shocks. The Executive Board also approved a disbursement of SDR 53.55 million (about US$71 million) to…

Source: International Monetary Fund (IMF) | Nov 23, 2022

International Monetary Fund (IMF) Staff Completes 2022 Article IV Mission to and Reaches Staff-Level Agreement with Guinea on Financial Assistance through the Food Shock Window under the Rapid Credit Facility

This emergency financing will help Guinea address its urgent balance of payments needs related to the global food crisis

Guinea has reached a staff-level agreement to receive up to $69 million (25 percent of Guinea’s IMF quota) in emergency financing through the IMF’s new Food Shock Window under the Rapid Credit Facility; This emergency financing will help Guinea address its urgent balance of payments needs related to the global…

Source: International Monetary Fund (IMF) | Mar 11, 2022

IMF Staff Completes Staff Visit to Guinea

An IMF staff team, led by Ms. Clara Mira, held a virtual Staff Visit from February 28 to March 4, 2022

Economic activity is expected to accelerate in 2022, driven by mining production and the ongoing recovery in the non-mining sector, although global and domestic uncertainties cloud the outlook. Inflation picked up in 2021 as a result of Covid-related supply constraints, rising global prices, and accommodative macro policies, and it is…

Source: International Monetary Fund (IMF) | Jun 20, 2020

Coronavirus - Guinea: IMF Executive Board Approves US$148 Million Disbursement to Guinea to address the COVID-19 Pandemic

The IMF approved the disbursement of US$148 million to Guinea under the Rapid Credit Facility (RCF) to address urgent balance of payment and fiscal financing needs stemming from the COVID-19 pandemic

The IMF Executive Board approves the 70th request for emergency financial assistance to help its member countries address the challenges posed by COVID-19;The IMF approved the disbursement of US$148 million to Guinea under the Rapid Credit Facility (RCF) to address urgent balance of payment and fiscal financing needs stemming from…

Source: International Monetary Fund (IMF) | Dec 04, 2019

Guinea Implements the International Monetary Fund's (IMF) Enhanced General Data Dissemination System

The National Summary Data Page (NSDP) serves as a one-stop dissemination vehicle for essential macroeconomic and financial data

Guinea has launched a National Summary Data Page (NSDP), implementing the recommendations of the IMF’s enhanced General Data Dissemination System (e-GDDS). The NSDP serves as a one-stop dissemination vehicle for essential macroeconomic and financial data in both human and machine-readable formats. The e‑GDDS was endorsed by the IMF’s Executive Board…

Source: International Monetary Fund (IMF) | May 29, 2019

Equatorial Guinea Implements the International Monetary Fund’s Enhanced General Data Dissemination System

Making this information easily accessible in both human and machine-readable formats will allow all users to have simultaneous access to timely data and will bring greater data transparency

Equatorial Guinea has implemented the recommendations of the IMF’s Enhanced General Data Dissemination System (e-GDDS) by publishing critical data through the National Summary Data Page (NSDP). The page aims to serve as a one-stop publication vehicle for essential macroeconomic data on the national accounts, government operations and debt, monetary and…

Source: International Monetary Fund (IMF) | Jan 18, 2019

International Monetary Fund (IMF) Staff concludes visit to Guinea-Bissau

Achieving budget targets will require tight expenditure control

Economic performance in 2018 suffered from lower cashew income and weak domestic revenue mobilization; the draft budget for 2019 targets increased government revenue and a deficit below 3 percent of GDP; achieving budget targets will require tight expenditure control. An International Monetary Fund (IMF) team led by Tobias Rasmussen visited…

Source: International Monetary Fund (IMF) | May 03, 2018

International Monetary Fund (IMF) Reaches Staff Level Agreement on the First Review Under the Extended Credit Facility (ECF) for Guinea

Real growth was above 8 percent in 2017 and it is expected at about 6 percent in 2018

The Guinean economy is growing at a fast pace, driven by a buoyant mining sector. Preserving macroeconomic stability and generating higher and more broad-based growth is needed to improve the living standards of the population and reduce poverty. Strengthening Guinea’s fiscal position is pivotal to maintain stability and medium-term debt…

Source: International Monetary Fund (IMF) | Oct 18, 2017

IMF Reaches Staff-level Agreement with Guinea

The program will support Guinea’s 2016–20 National Social and Economic Development Plan to foster higher and more broad-based growth, and reduce poverty while maintaining macroeconomic stability and debt sustainability

IMF staff and Guinean authorities have reached a staff-level agreement on a program of economic policies and reforms that could be supported by an Extended Credit Facility (ECF) arrangement. The program will support Guinea’s 2016–20 National Social and Economic Development Plan to foster higher and more broad-based growth, and reduce…

Source: International Monetary Fund (IMF) | Aug 18, 2017

Statement of an IMF Mission at the End of its Visit to Guinea

Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance

Significant progress was made in discussions of the economic policies and reforms that could be supported by a new IMF arrangement Real growth is expected to 6.7% in 2017 supported by dynamic activity in the mining and construction sectors and good agricultural performance; Average inflation would remain moderate at 8.5…

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