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Guinea-Bissau: Seventh Review Under the Extended Credit Facility and Request for Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Guinea-Bissau

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  • International Monetary Fund

Abstract

Guinea-Bissau continues to face a challenging economic and political environment. Recent downward shocks to cashew exports are adding pressures to the balance of payments and fiscal revenue. Tightening of regional financial conditions continue to raise borrowing costs. Since the political crisis in December 2023, underlying social tension has been high, and the next legislative election has been postponed to complete preparatory steps required by law. Despite these challenges, growth has been resilient, supported by strong public and private investments, and high producer prices of cashew nuts due to increased competition among exporters and strengthened securities measures. Risks to the outlook remain tilted towards the downside.

Suggested Citation

  • International Monetary Fund, 2024. "Guinea-Bissau: Seventh Review Under the Extended Credit Facility and Request for Modification of Performance Criteria and Financing Assurances Review-Press Release; Staff Report; and Statement by the ," IMF Staff Country Reports 2024/353, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2024/353
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