A political crisis in December 2023 resulted in another change in the government. In December 2023, the former Minister of Finance and Secretary of State of Treasury from the opposition-led government were arrested over corruption charges related to settlement of cross-arrears and NPLs of the...

This paper analyzes Guinea-Bissau's Third Review under the Extended Credit Facility (ECF) Arrangement and Requests for Augmentation of Access, Waiver of Nonobservance of Performance Criteria, Modification of a Performance Criterion, and Financing Assurances Review. Guinea Bissau's...

Guinea-Bissau is a fragile state facing significant development challenges, including sustaining the recovery from the COVID-19 pandemic, supply disruptions, and the global economic slowdown. The IMF Board approved the First Review of the Extended Credit Facility (ECF) arrangement in May 2023....

This paper focuses on Guinea-Bissau's the First Review Under the Extended Credit Facility (ECF). Program performance was satisfactory with all but one end-January 2023 quantitative performance criteria met for end-January 2023 and all structural measures at end-March 2023 for the second review...

This paper presents Guinea-Bissau's Request for a Three-year Arrangement under the Extended Credit Facility (ECF). The ECF-supported program aims to anchor macroeconomic stability, putting the budget back on track and ensuring medium-term debt sustainability, while continuing progress on...

This paper discusses Guinea-Bissau’s Request for Disbursement Under the Rapid Credit Facility (RCF). In 2012 and 2013, Guinea-Bissau suffered a severe balance of payments shock as the international price of raw cashew nuts-the main export product-fell by about 20 percent per year. The...

This paper discusses Guinea-Bissau's 2002 Article IV Consultation and Third Review under the Staff-Monitored Program. Guinea-Bissau's economy has recovered well from the coronavirus disease 2019 pandemic. Growth is projected to reach 3.8 percent in 2022 supported by a continued strong...

São Tomé and Príncipe has maintained macroeconomic stability, despite many challenges. The COVID-19 pandemic exacerbated long-standing socio-economic vulnerabilities, which were further compounded by persistent energy shortages and damages from the floods in end-2021. Growth declined in 2021...

This paper discusses Chad’s First Review Under the Extended Credit Facility (ECF) Arrangement, Request for Waivers of Nonobservance of Performance Criteria (PC), and Request for Modification of PC, and Augmentation of Access. Performance under the ECF supported program was broadly satisfactory...

This paper discusses Guinea’s Request for Debt Relief Under the Catastrophe Containment (CC) Window of the Catastrophe Containment and Relief (CCR) Trust. Since early 2014, Guinea has been experiencing an ongoing Ebola epidemic that has spread to several countries in the region. The immediate...