Guinea-Bissau: Staff-Monitored Program

Author: International Monetary Fund

Volume/Issue: Volume 2005 Issue 252

Publication date: July 2005

ISBN: 9781451815795

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Public Finance , ISCR , CR , government , Guinea-Bissau , support , debt service , clearance program , government savings , financing gap , government program , debt relief , CFA franc , demobilization expenditure , capital contribution , Arrears , Current spending , Debt service , West Africa

Also of interest

Nepal

Peru

Grenada

Republic of Congo : 2001 Article IV

Summary

This paper focuses on the Staff-Monitored Program (SMP) for Guinea-Bissau. The SMP, which covers the period April–December 2005, is based on the budget for 2005. It aims at avoiding new domestic arrears through a cash-rationing system, at improving tax administration and expenditure management, and at laying the basis for main public sector reform programs in the future. Economic policy focuses on rehabilitation of war-damaged infrastructure and on promoting economic growth by eliminating excessive regulation. The program also aims at improving governance.