Guinea: Staff Report for the 2003 Article IV Consultation
Volume/Issue:
Volume 2003
Issue 250
Publication date: August 2003
ISBN: 9781451815153
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Topics covered in this book
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Business and Economics , Political Science , Banks and Banking , Inflation , Health and Fitness , Public Finance , Public Policy - Social Services and Welfare , ISCR , CR , inflation rate , state , broad money , monetary management , private sector , Guinean authorities , priority spending , HIV and AIDS , Poverty reduction strategy , Exchange rates , Inflation , West Africa
Summary
In 2003, Guinea's macroeconomic management deteriorated significantly, and the prospects for 2003 are uncertain at best. Performance under the 2002–03 poverty reduction and growth facility (PRGF)-supported program is weak. The main challenge is to promote and sustain the strong private sector-led growth that is necessary to achieve the poverty reduction objectives set out in the poverty reduction strategy paper (PRSP). IMF staff urged the authorities to adopt appropriate fiscal and monetary policies and step up the implementation of structural reforms.
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