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) Staff Completes Mission to Guinea-Bissau for Extended Credit Facility (ECF) Review and Request for Program Extension

Upon approval, drawings of SDR 3.028 million (about US$4.4 million) would become available to Guinea-Bissau

Growth has remained strong and the fiscal position has improved markedly. The authorities have requested a one-year extension of the ECF-supported program. Discussions focused on mobilizing revenue to enable priority spending. An International Monetary Fund (IMF) team led by Tobias Rasmussen visited Guinea-Bissau from March 21 to April 3, 2018,…

Source: International Monetary Fund (IMF) |

International Monetary Fund Staff Concludes Visit to Guinea-Bissau

Real GDP growth appears continuing near the 2017 pace of around 5.5 percent

An International Monetary Fund (IMF) team led by Tobias Rasmussen visited Guinea-Bissau from January 17-23, 2018, to evaluate the draft 2018 budget, assess the fiscal and debt implications of an intended scaling up of infrastructure investments, and discuss recent developments in the banking sector. At the end of the visit,…

Source: International Monetary Fund (IMF) |

The International Monetary Fund Executive Board Completes Fourth Review Under the Extended Credit Facility Arrangement, Approves US$ 4.3 Million Disbursement, and Concludes 2017 Article IV Consultation with Guinea-Bissau

The ECF-supported program aims to restore macroeconomic stability, promote efficiency in public service delivery, and foster inclusive growth

Completion of the fourth ECF review enables the disbursement of SDR 3.03 million (about US$ 4.3 million). The ECF-supported program aims to restore macroeconomic stability, promote efficiency in public service delivery, and foster inclusive growth. The Executive Board also concluded the 2017 Article IV Consultation with Guinea-Bissau. The Executive Board…

Source: International Monetary Fund (IMF) |

IMF Staff Completes 2017 Article IV and ECF Review Mission to Guinea-Bissau

Real GDP growth for 2017 is now projected at 5.5 percent, with inflation around 2 percent and a broadly balanced external current account

The government’s economic program supported by the IMF is broadly on-track and the mission was able to reach understandings, ad referendum, on policies needed to conclude the fourth ECF review. The discussions in the context of Article IV consultation focused on key medium-term priorities, including actions to durably reinforce public…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes Third Review Under the ECF Arrangement with Guinea-Bissau and Approves US$ 4.1 Million Disbursement

On July 6, 2017, the Executive Board of the International Monetary Fund (IMF) completed the third review of Guinea-Bissau’s economic performance under the program supported by an Extended Credit Facility (ECF) arrangement. The completion enables the release of SDR3.03 million (about US$4.1 million), bringing total disbursements under the arrangement to…

Source: International Monetary Fund (IMF) |

IMF Executive Board Completes First and Second Reviews of Guinea-Bissau’s Arrangement Under the Extended Credit Facility, and Approves US$6.9 Million Disbursement

The Executive Board of the International Monetary Fund (IMF) today completed the first and second reviews of Guinea-Bissau's economic performance under the program supported by an Extended Credit Facility (ECF) arrangement.[1] Completion of the reviews enables the disbursement of SDR 5.112 million (about US$6.9 million), bringing total disbursements under the…

Source: International Monetary Fund (IMF) |

IMF Staff Completes Review Discussions with Guinea-Bissau

Following a staff visit to Bissau, an International Monetary Fund (IMF) team led by Felix Fischer continued discussions with the Guinea-Bissau authorities in Washington during the 2016 Annual Meetings on the set of policies needed to complete the first and second reviews of Guinea Bissau’s IMF-supported program under the Extended…

Source: International Monetary Fund (IMF) |

IMF Staff Holds Review Mission to Guinea-Bissau

An International Monetary Fund (IMF) mission led by Felix Fischer visited Bissau during March 28–April 7, 2016 to conduct the combined first and second reviews under the Extended Credit Facility (ECF) arrangement.[1] Guinea Bissau’s three-year ECF arrangement for SDR 17.04 million (about US$23.9 million or 120 percent of quota) was…