Guinea-Bissau: Review of Performance Under the Program Supported by Emergency Post-Conflict Assistance and Request for Second Purchase Under Emergency Post-Conflict Assistance-Staff Report; Press Release on the Executive Board Discussion; and Statemen

Review of Performance Under the Program Supported by Emergency Post-Conflict Assistance and Request for Second Purchase Under Emergency Post-Conflict Assistance-Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea-Bissau

Author: International Monetary Fund

Volume/Issue: Volume 2008 Issue 266

Publication date: August 2008

ISBN: 9781451815863

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Topics covered in this book

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Exports and Imports , Inflation , Economics- Macroeconomics , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , Emergency Post-Conflict Assistance , policy implementation , EPCA , Bissau , IMF's support , EPCA-supported program , reform agenda , Bissau-Guinean authorities , policy advice , Emergency assistance , Inflation , Food prices , Arrears , Tariffs

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Summary

This paper reviews the performance of Guinea-Bissau Under the program supported by Emergency Post-Conflict Assistance (EPCA). Guinea-Bissau has made progress in stabilizing its fiscal situation under difficult circumstances and is moving steadily to implement structural reforms. Four of the six end-March quantitative indicators were met; the other two are expected to be met for the year as a whole. All structural indicators were implemented, albeit with some delay. The authorities recognize the importance of accelerating structural fiscal reforms to further build capacity and improve confidence in the economy.