Guinea-Bissau : Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criterion, and Financing Assurances Review-Press Release and Staff Report.

This paper discusses Guinea-Bissau's Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implementation for the third review has been satisfactory. Four of five PCs, three of f...

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Bibliographic Details
Corporate Author: International Monetary Fund. African Dept
Format: Journal
Language:English
Published: Washington, D.C. : International Monetary Fund, 2017.
Series:IMF Staff Country Reports; Country Report ; No. 2017/228
Online Access:Full text available on IMF
Description
Summary:This paper discusses Guinea-Bissau's Third Review Under the Extended Credit Facility Arrangement, Request for a Waiver of Nonobservance of Performance Criteria (PCs), and Financing Assurances Review. Program implementation for the third review has been satisfactory. Four of five PCs, three of four indicative targets, and six of eight structural benchmarks were met. Corrective measures have been taken in the remaining areas, with several steps already completed. Economic activity has remained robust and there has been good progress in improving public financial management. Maintaining the positive economic momentum will require further strengthening of public financial management to reduce the fiscal deficit and support macroeconomic stability.
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Physical Description:1 online resource (58 pages)
Format:Mode of access: Internet
ISSN:1934-7685
Access:Electronic access restricted to authorized BRAC University faculty, staff and students