At the end of its mission in Guinea, the IMF expresses its satisfaction with the good performance of the aggregates and growth prospects. A downside however, the multilateral institution sends two different bell sounds.
First story, the increase in growth prospects from 6.7% to 10% for the year 2017. Secondly, the net slowdown for 2018 where the GDP would grow by only 6.7%. If the experts of the organization rent a fiscal policy that allowed to obtain a substantial surplus base, they do not fail to express a finding in relation to rising inflation.
These two messages are essentially the conclusion of the last mission of the IMF that stayed in Conakry for two weeks.
Georgia Albertin, head of the IMF mission under the $ 170 million Extended Credit Facility (ECF) program for Guinea, initiated in 2017 with the signing of a first successful review of $ 50 million USD, announced on Tuesday October 1 in Conakry that the second review could take place in December 2018.
If the IMF’s recommendations in terms of macroeconomic performance are satisfactory, this could eventually lead to the signing of a second FEC review at the end of the year.