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Guinea: IMF Notes Economic Governance Performance

16/06/2022
Categories: Economy/Forex

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The International Monetary Fund (IMF) has announced that Guinea's economy remains resilient, despite many obstacles. The assessment was made during a hybrid visit to Guinea by an IMF delegation led by Clara Mira from June 1 to 7, 2022.

After meeting with the President of the Transition, the Secretary General of the Presidency, the Secretaries General of the Ministries of the Budget, Economy, Finance and Planning, and the President of the Republic, the delegation met with the President of the Transition.After meeting with the President of the Transition, the Secretary General of the Presidency, the Secretaries General of the Ministries of Budget, Economy, Finance and Planning, and the Governor of the Central Bank of the Republic of Guinea (BCRG), the IMF team leader in Conakry spoke about the country's economic governance. "The Guinean economy remains resilient in the context of a difficult environment. The mining sector continues to show resilience, with gold and bauxite production booming," she said, before warning that growth in the non-mining sector could be delayed due to the Russia-Ukraine crisis.

The mission also noted that the issuance in April of the first five-year Treasury bonds (OdT) will help to The mission also noted that the issuance in April of the first five-year bonds (OdT) will help lengthen the maturity profile of the public debt, "which should reduce short-term refinancing risk and contribute to the deepening of domestic financial markets.

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