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, 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.
READ MORE...
Volume/Issue: Volume 1999 Issue 113
Publication date: October 1999
ISBN: 9781451815917
$20.00
Add to Cart by clicking price of the language and format you'd like to purchase
Available Languages and Formats
Paperback
PDF
ePub
Mobi
English
Prices in red indicate formats that are not yet available but are forthcoming.
Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Business and Economics , Exports and Imports , Taxation - General , Industries - Energy , Agribusiness , ISCR , CR , GDP , government , price , export , deficit , fiscal policy , oil revenue , export crop subsector , monetary policy , debt service , private sector , broad money , Oil , Agroindustries , gas and mining taxes , Exports , Oil production , Sub-Saharan Africa

Also of interest
Mexico: 2024 Article IV Consultation and Review Under the Flexible Credit Lin...
Kenya: Seventh and Eighth Reviews Under the Extended Fund Facility and Extend...
Republic of Congo : 2001 Article IV
Spain
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.

Powered by: AIDC