Guinea: Ex Post Assessment of Longer-Term Program Engagement

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 377

Publication date: December 2004

ISBN: 9781451815238

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Policy - Social Services and Welfare , ISCR , CR , government , political system , Guinea , broad money , Guinean authorities , program target , division of labor , monetary management , Guinea's political system , program implementation , economic growth , core area , program policy , government to the level of the treasury bill rate , Mining sector , Structural reforms , Corruption , Poverty reduction strategy , West Africa , Sub-Saharan Africa

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Summary

This paper focuses on Ex Post Assessment of Longer-Term Program Engagement for Guinea. Guinea’s stabilization and reform efforts have been almost continuously supported by IMF financial arrangements since 1987. The paper reviews developments under the last two IMF-supported programs during 1997–2004. It highlights that Guinea’s performance under these programs has been disappointing. The paper discusses program objectives, policies, and performance and reflects on lessons learned and the remaining challenges. It also presents a discussion on possible future relations between the IMF and Guinea.