Guinea-Bissau: Second Review Under the Three-Year Arrangement Under the Extended Credit Facility and Financing Assurances Review: Staff Report; Informational Annex; Press Release on the Review
Volume/Issue:
Volume 2011
Issue 119
Publication date: May 2011
ISBN: 9781455274536
$18.00
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Topics covered in this book
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Business and Economics , Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , Taxation - General , ISCR , CR , government , reform momentum , policy implementation , government savings , Guinea-Bissau authorities , West African state , CFA franc , Government finance statistics , Tax administration core functions , Arrears , Fiscal governance , West Africa
Summary
The review highlights that the government of Guinea-Bissau maintained macroeconomic stability under challenging circumstances. The government implemented satisfactory policies under the IMF supported program even in severe conditions. The authorities have met all performance criteria and all structural reforms for the second review. Sound macroeconomic policies, strengthened institutions, and debt relief have stabilized the economy and supported confidence building. It is critical that the government maintain the reform momentum and continue to build on the satisfactory performance under the Extended Credit Facility (ECF).
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