Guinea: Poverty Reduction Strategy Paper—Joint Staff Advisory Note

Author: International Monetary Fund. African Dept.

Volume/Issue: Volume 2013 Issue 190

Publication date: July 2013

ISBN: 9781484303290

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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.

Public Policy - Social Services and Welfare , Poverty and Homelessness , ISCR , CR , staff , government , PRSP Priority Action Plan , revenue , fund staff , health strategy objective , draft PRSP , government employee , private sector , democratically-elected government , PRSP period , authorities' effort , Poverty reduction , Mining sector , West Africa

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Summary

This paper presents a Joint Staff Advisory Note on Guinea’s Poverty Reduction Strategy Paper (PRSP). Baseline economic growth is projected to accelerate to 5.2 percent in 2014 and beyond, up from just under 4 percent in 2012. This projection is based on an acceleration of economic growth in the construction sector in response to massive investment outlays by mining companies. Private investment is projected to increase from 17.8 percent of GDP in 2012 to more than 40 percent in 2014. The PRSP proposes a sharp increase in funding for education as a share of total public expenditures over the PRSP period, while total fiscal resources also increase.