Guinea: Poverty Reduction Strategy Second Annual Progress Report

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 147

Publication date: April 2006

ISBN: 9781451815290

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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.

Economics- Macroeconomics , Public Policy - Social Services and Welfare , Poverty and Homelessness , ISCR , CR , government , national budget , private sector , budget deficit , Improve government expenditure management , public spending , justice system , excess demand , living standard , financial support , PRSP objective , public funds , tertiary sector , rising prices , PRSP indicator , Poverty reduction strategy , Sub-Saharan Africa

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Summary

This paper presents key findings of the Annual Progress Report (APR) on the Poverty Reduction Strategy Paper (PRSP) for Guinea. Conditions for implementing the Poverty Reduction Strategy were particularly difficult in 2004, and were marked by: persistent insecurity in the subregion; low levels of investment in priority sectors; and falling prices for mining output, in particular for bauxite, the country's main export. The outcomes achieved during fiscal year 2004 are a reflection of this constraining environment. Under the circumstances, no progress was made in reconciling the central government budget with the PRSP objectives.