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This paper reviews Ex-Post Assessment of Performance Under IMF-Supported Programs for Guinea-Bissau. More than two-thirds of the population of approximately 1.3 million is living below the poverty line in Guinea-Bissau. The paper describes developments under IMF-supported programs since 1993, when Guinea-Bissau embarked on a second round of stabilization and reform efforts. It summarizes the lessons learned and the challenges for the near future. Possible future role of IMF in Guinea-Bissau is also discussed.

Economic assistance --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- Economic policy --- International economic relations --- Conditionality (International relations) --- Guinea-Bissau --- Ginia Bisao --- Ginia Bisau --- Ginia Bisau Kyōwakoku --- Giniabisao --- Giniabisau --- Guiné-Bissau --- Guinée-Bissao --- Guinée-Bissau --- Gvinei︠a︡-Bisau --- Republic of Guinea-Bissau --- República da Guiné-Bissau --- République de la Guinée-Bissau --- Гвинея-Бисау --- ギニア・ビサウ共和国 --- ギニアビサウ --- ギニアビサオ --- Portuguese Guinea --- Economic policy. --- Economic conditions --- Banks and Banking --- Exports and Imports --- Macroeconomics --- Public Finance --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Nonprofit Organizations and Public Enterprise: General --- International economics --- Public finance & taxation --- Banking --- Public ownership --- nationalization --- External debt --- Expenditure --- Arrears --- Commercial banks --- Public enterprises --- Debt service --- Economic sectors --- Debts, External --- Expenditures, Public --- Banks and banking --- Government business enterprises --- Guinea --- Nationalization

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Poverty Reduction Strategy Papers (PRSPs) are prepared by member countries in broad consultation with stakeholders and development partners, including the staffs of the World Bank and the IMF. Updated every three years with annual progress reports, they describe the country’s macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. This country document for Guinea, dated May 2012 is being made available on the IMF website by agreement with the member country as a service to users of the IMF website.

Poverty --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Guinea --- Economic conditions. --- Economic development --- Development, Economic --- Economic growth --- Growth, Economic --- Economic policy --- Economics --- Statics and dynamics (Social sciences) --- Development economics --- Resource curse --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Guinea-Bissau --- Ginia Bisao --- Ginia Bisau --- Ginia Bisau Kyōwakoku --- Giniabisao --- Giniabisau --- Guiné-Bissau --- Guinée-Bissao --- Guinée-Bissau --- Gvinei︠a︡-Bisau --- Republic of Guinea-Bissau --- República da Guiné-Bissau --- République de la Guinée-Bissau --- Гвинея-Бисау --- ギニア・ビサウ共和国 --- ギニアビサウ --- ギニアビサオ --- Portuguese Guinea --- Social conditions. --- E-books --- Macroeconomics --- Natural Resource Extraction --- Poverty and Homelessness --- Education: General --- Labor Economics: General --- Health: General --- Industry Studies: Primary Products and Construction: General --- Welfare, Well-Being, and Poverty: General --- Education --- Labour --- income economics --- Health economics --- Extractive industries --- Poverty & precarity --- Labor --- Health --- Mining sector --- Economic sectors --- Labor economics --- Mineral industries --- Income economics

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This paper discusses Guinea’s Third Review under the Three-Year Arrangement under the Extended Credit Facility (ECF) and Financing Assurances Review. The macroeconomic environment in Guinea in 2013 was difficult, reflecting the fragile sociopolitical situation and a sharp slowdown in mining sector projects. As a result, growth is estimated to have slowed to 2.5 percent, sharply below the projected 4.5 percent. Inflation continued to fall and at the end of 2013 was 10.5 percent year over year. International reserves were maintained at a satisfactory level, and the exchange rate remained broadly stable. Performance under the ECF-supported program remains satisfactory. The IMF staff supports the completion of the third review under the ECF arrangement and completion of the financing assurances review.

Guinea-Bissau --- Ginia Bisao --- Ginia Bisau --- Ginia Bisau Kyōwakoku --- Giniabisao --- Giniabisau --- Guiné-Bissau --- Guinée-Bissao --- Guinée-Bissau --- Gvinei︠a︡-Bisau --- Republic of Guinea-Bissau --- República da Guiné-Bissau --- République de la Guinée-Bissau --- Гвинея-Бисау --- ギニア・ビサウ共和国 --- ギニアビサウ --- ギニアビサオ --- Portuguese Guinea --- Economic conditions. --- Economic policy. --- Banks and Banking --- Exports and Imports --- Financial Risk Management --- Public Finance --- Natural Resource Extraction --- Macroeconomics --- National Government Expenditures and Related Policies: General --- Industry Studies: Primary Products and Construction: General --- International Lending and Debt Problems --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Debt --- Debt Management --- Sovereign Debt --- General Aggregative Models: General --- Financial Institutions and Services: Government Policy and Regulation --- Public finance & taxation --- Extractive industries --- International economics --- Banking --- Finance --- Financial services law & regulation --- Public financial management (PFM) --- Mining sector --- Debt relief --- Bank supervision --- Economic sectors --- National accounts --- Financial regulation and supervision --- Asset and liability management --- Debts, External --- Finance, Public --- Mineral industries --- Banks and banking --- State supervision --- National income --- Guinea

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This paper explains the cashew economy and the unfolding of the 2017 campaign. At least half of all households are thought to be engaged in production, commercialization, or exportation of cashew nuts. The activity has at least four macroeconomic impacts: one, it injects liquidity to producers; two, owing to producers’ high propensity to consume, it impacts the price level; third, it is the main provider of foreign exchange via exports; and fourth, it is an important source of fiscal revenues. Despite streamlining of marketing arrangements over the years, cashew production is still subject to significant government intervention. Vested interests have traditionally permeated public policies, with nontransparent issuance of licenses and permits used in some instances to block competition. Cashew production started to expand during the 1980s and yearly output has over the years increased to currently about 200,000 tons. Native of north Brazil, cashew trees were introduced by the Portuguese during the colonial period but output remained negligible through to the country’s independence in 1973.

Guinea-Bissau --- Ginia Bisao --- Ginia Bisau --- Ginia Bisau Kyōwakoku --- Giniabisao --- Giniabisau --- Guiné-Bissau --- Guinée-Bissao --- Guinée-Bissau --- Gvinei︠a︡-Bisau --- Republic of Guinea-Bissau --- República da Guiné-Bissau --- République de la Guinée-Bissau --- Гвинея-Бисау --- ギニア・ビサウ共和国 --- ギニアビサウ --- ギニアビサオ --- Portuguese Guinea --- Economic policy. --- Exports and Imports --- Money and Monetary Policy --- Public Finance --- Taxation --- Poverty and Homelessness --- National Government Expenditures and Related Policies: General --- Taxation, Subsidies, and Revenue: General --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Trade: General --- Welfare, Well-Being, and Poverty: General --- Public finance & taxation --- Poverty & precarity --- Monetary economics --- International economics --- Banking --- Finance --- Expenditure --- Revenue administration --- Poverty --- Credit --- Money --- Tax administration core functions --- Expenditures, Public --- Revenue --- Exports --- Guinea

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This paper was prepared by staffs of the International Monetary Fund and the World Bank in connection with the Executive Board’s consideration of Guinea’s Completion Point under the Enhanced Initiative for Heavily Indebted Poor Countries and debt relief under the Multilateral Debt Relief Initiative. It is based on the information available at the time it was completed on September 11, 2012. The views expressed in this document are those of the staff team and do not necessarily reflect the views of the government of Guinea or the Executive Board of the IMF.

Debt relief --- Debt renegotiation --- Debt rescheduling --- Debt restructuring --- Relief, Debt --- Renegotiation, Debt --- Rescheduling, Debt --- Restructuring, Debt --- Debtor and creditor --- Law and legislation --- Guinea --- Economic conditions. --- Debts, External --- Poverty --- Destitution --- Wealth --- Basic needs --- Begging --- Poor --- Subsistence economy --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Guinea-Bissau --- Ginia Bisao --- Ginia Bisau --- Ginia Bisau Kyōwakoku --- Giniabisao --- Giniabisau --- Guiné-Bissau --- Guinée-Bissao --- Guinée-Bissau --- Gvinei︠a︡-Bisau --- Republic of Guinea-Bissau --- República da Guiné-Bissau --- République de la Guinée-Bissau --- Гвинея-Бисау --- ギニア・ビサウ共和国 --- ギニアビサウ --- ギニアビサオ --- Portuguese Guinea --- Social conditions. --- E-books --- Exports and Imports --- Financial Risk Management --- Macroeconomics --- Public Finance --- Debt Management --- Sovereign Debt --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Education: General --- Institutions and the Macroeconomy --- Finance --- International economics --- Public finance & taxation --- Education --- Debt service --- Debt service ratios --- Public financial management (PFM) --- Asset and liability management --- External debt --- Debts, Public --- Finance, Public