Source: International Monetary Fund (IMF) |

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) |

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) |

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) |

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) |

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…

Source: International Monetary Fund (IMF) |

IMF Staff Completes a Staff Visit to Guinea

Growth prospects for the Guinean economy remain favorable

Economic activity in Guinea is rebounding, with signs pointing toward continued growth over 6 percent. Fiscal consolidation including increased revenues and reduced government spending have brought the basic budget deficit down to 0.7 percent of GDP in 2016. IMF sees raising infrastructure spending while maintaining macroeconomic stability will help boost…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Eighth and Last Review Under the ECF Arrangement for Guinea and Approves US$25.2 Million Disbursement

The Board’s decision enables the immediate disbursement of SDR18.36 million, bringing total disbursements under the arrangement to an amount equivalent to SDR173.7 million

The Executive Board of the International Monetary Fund (IMF) completed on October 28, 2016 the eighth and last review of Guinea’s economic program supported by an arrangement under the Extended Credit Facility (ECF). The Board’s decision enables the immediate disbursement of SDR18.36 million (about US$25.2 million), bringing total disbursements under…

Source: International Monetary Fund (IMF) |

Commodities, Rainfall, Instability Biggest Challenges —African Ministers

Rising inflation, drops in currency due to political instability Low commodity prices adding to fiscal pressures Help from international community “paramount” Low commodity prices, climate change, and insecurity are forcing many countries to make significant fiscal adjustments, African finance ministers said during the IMF-World Bank Spring Meetings in Washington D.C.…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2016 Discussions with the Central African Economic and Monetary Community on Common Policies for Member Countries

A team from the International Monetary Fund (IMF), led by Mario de Zamaróczy, visited Libreville and Yaoundé during April 25–May 9, 2015 and held discussions with the institutions of the Central African Economic and Monetary Community (CEMAC) on common policies for member countries.[1] At the conclusion of the mission, Mr.…