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Support for the economy: Guinea Bissau obtains $8.1 million from the IMF

15/05/2024
Source : ORISHAS-FINANCE
Categories: Economy/Forex

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The International Monetary Fund (IMF) published on Monday that it approved a disbursement of $8.1 million in favor of Guinea-Bissau, after the 4th and 5th reviews of the Extended Credit Facility (ECF) agreement, concluded in January 2023. The fund said that “economic growth was resilient in 2023 and reached 4.3%. Overall inflation averaged 7.2% [...] The overall fiscal deficit was 8.2% of GDP while public debt is estimated at 80.2% of GDP

in 2023.”
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