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Guinea :, First Review Under the Three-Year Arrangement Under the Poverty Reduction and Growth Facility, Request for Waiver of Nonobservance of Performance Criteria, Modification of Performance Criteria, Augmentation of Access, and Financing Assurances Review: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea

This paper discusses key findings of the First Review Under the Poverty Reduction and Growth Facility (PRGF) for Guinea. All but two quantitative performance criteria (PC) were met. IMF staff supports the authorities’ requests for waivers of nonobservance, based on their remedial actions. Progress of structural reforms was broadly satisfactory and all structural PCs and benchmarks for end-December 2007 were met. However, several quantitative indicative targets for end-March 2008 were missed, in part on account of a delayed response to the financial pressures arising from higher fuel prices
Table Of Contents
Cover; Contents; Executive Summary; I. Background; II. Recent Economic Performance; Tables; Figure; 1. Exchange Rate Developments; III. The 2008 Program; A. Macroeconomic Framework; B. Fiscal Policy; C. Monetary and Exchange Rate Policies; D. Structural Reforms; E. External Policies and Outlook; IV. Program Monitoring and Data; V. Staff Appraisal; 8. Guinea: Disbursements Under the PRGF Arrangement, 2007-10; Appendix; I. Letter of Intent; Attachment I. Amendments to the Technical Memorandum of Understanding (TMU); Annexes; I. Relations with the Fund; II. Relations with the World Bank
Literary Form
non fiction
Description based upon print version of record
Physical Description
1 online resource (57 p.)
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Form Of Item

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