Guinea : Recent Economic Developments

This paper reviews economic developments in Guinea during 1990-98. Economic developments were dominated by the coming on stream of important oil fields in 1992 and 1996, and the subsequent breakdown in fiscal discipline and transparency. In response to the January 1994 devaluation of the CFA franc,...

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Corporate Author: International Monetary Fund
Format: eBook
Language:English
Published: Washington, D.C. International Monetary Fund 1999, 1999
Series:IMF Staff Country Reports; Country Report
Subjects:
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Collection: International Monetary Fund - Collection details see MPG.ReNa
Summary:This paper reviews economic developments in Guinea during 1990-98. Economic developments were dominated by the coming on stream of important oil fields in 1992 and 1996, and the subsequent breakdown in fiscal discipline and transparency. In response to the January 1994 devaluation of the CFA franc, there was also an upturn in the non-oil sector, led by intensification in logging activity that resulted in an unsustainable level of timber output in 1997. Real GDP growth averaged 8.5 percent a year in 1992-95, and rose to 29 percent in 1996
Physical Description:84 p.
ISBN:1451815913
9781451815917