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International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…

International Monetary Fund (IMF)
Source: International Monetary Fund (IMF) |

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…