This web page provides information in on the activities of the Office, views of the IMF staff, and the relations between Guinea-Bissau and the IMF. Additional information can be found on Guinea-Bissau and IMF country page, including official IMF reports and Executive Board documents in English that deal with Guinea-Bissau.
At a Glance
- Current IMF membership: 190 countries
- Guinea-Bissau joined the Fund in March 24, 1977.
- Total Quotas: SDR 28.4 Million
- Last Article IV Consultation: The 2017 Article IV consultation staff report was discussed by the Executive Board on June 17, 2022. (Country Report No. 2022/196), June 27, 2022)
Office Activities
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Press Release – Guinea-Bissau: Implementing a Blockchain Solution to Improve Wage Bill Management
Bissau – May 8, 2023: A technical assistance mission led by Concha Verdugo Yepes (IMF African Department) held meetings in Bissau during April 25–May 2, 2023, to discuss progress made in the implementation of a blockchain solution to improve the transparency of the wage bill management in Guinea-Bissau.
May 8, 2023
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Document in Portuguese
June 30, 2020
IMF's Work on Guinea-Bissau
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Understanding Barriers to Financial Access: Insights from Bank Pricing Data
July 12, 2024
Author/Editor:Kazuko Shirono | Berhe Beyene | Fozan Fareed | Christiaan Loots | Andrea Quevedo | Kameshnee Naidoo
Series:Working Paper No. 2024/150 -
July 8, 2024
Washington, DC, July 8, 2024: With the successful launch of a new data portal—the National Summary Data Page — Guinea-Bissau has implemented a key recommendation of the IMF’s Enhanced General Data Dissemination System (e-GDDS) to publish essential macroeconomic and financial data. The e-GDDS is the first tier of the IMF Data Standards Initiatives, which aim to promote transparency as a global public good and encourage countries to voluntarily publish timely data essential for monitoring and analyzing economic performance.
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June 25, 2024
The IMF and Guinea Bissau have reached staff-level agreement on economic policies that could support the sixth review of the Extended Credit Facility (ECF). Once the review is approved by IMF Management and completed by the IMF Executive Board, Guinea Bissau will have access to about US$ 7.2 million.
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Guinea-Bissau: A Blockchain Platform to Strengthen Wage Bill Management Goes Live
May 29, 2024
: A capacity development mission led by Concha Verdugo -Yepes, Senior Economist in the IMF African Department and project manager, is visiting Bissau from May 27 to May 31, to participate in the official launch of the “blockchain solution to strengthen the transparency of the wage bill management at the Ministries of Finance and Public Administration” on May 29.
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May 20, 2024
Series:Country Report No. 2024/132
Regional Economic Outlook
April 19, 2024
A Tepid and Pricey RecoveryAfter four turbulent years, the outlook for sub-Saharan Africa is gradually improving. Growth will rise from 3.4 percent in 2023 to 3.8 percent in 2024, with nearly two thirds of countries anticipating higher growth. Economic recovery is expected to continue beyond this year, with growth projections reaching 4.0 percent in 2025. Additionally, inflation has almost halved, public debt ratios have broadly stabilized, and several countries have recently issued Eurobonds, ending a two-year hiatus from international markets. However, not all is favorable and risks to the outlook remain tilted to the downside. The funding squeeze persists as the region’s governments continue to grapple with financing shortages, high borrowing costs, and impending debt repayments. Amid the challenges, sub-Saharan African countries will need additional support from the international community to develop a more inclusive, sustainable, and prosperous future.
Read the Report
Fraudulent Scam Emails Using the Name of the IMF
We would like to bring to the notice of the general public that several variants of financial scam letters purporting to be sanctioned by the International Monetary Fund (IMF) or authored by high ranking IMF officials are currently in circulation, and may appear on official letterhead containing the IMF logo. The scam letters instruct potential victims to contact the IMF for issuance of a “Certificate of International Capital Transfer” or other forms of approval, to enable them receives large sums of monies as beneficiaries. The contact e-mail information is always BOGUS and unsuspecting individuals are then requested to send their personal banking details which the scammers utilize for their fraudulent activities.For more information please see Fraudulent Scam Emails Using the Name of the IMF
Departmental Papers on Africa
The Departmental African Paper Series covers research on sub-Saharan Africa conducted by International Monetary Fund (IMF) staff, particularly on issues of broad regional or cross-country interest. The views expressed in these papers are those of the author(s) and do not necessarily represent the views of the IMF, its Executive Board, or IMF Management.