Publication:
Guinea : Development Policy Review

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dc.contributor.authorWorld Bank
dc.date.accessioned2012-06-12T20:08:02Z
dc.date.available2012-06-12T20:08:02Z
dc.date.issued2008-10
dc.description.abstractFollowing a decade of relatively strong growth, Guinea's economic performance weakened beginning in 2000. During 1992-1999, growth averaged 4.4 percent a year as the Government implemented a program of economic reforms aimed at liberalizing its economy and improving the environment for private sector investment. With a tightening of financial policies over the 1990s, inflation reached single digits by the late 1990s and the fiscal deficit averaged just over 3 percent of Gross Domestic Product (GDP) in the second half of the 1990s. However, since 2000 growth slowed to an average of 2.8 percent a year and inflation increased to 39 by 2006. Guinea's worsening economic performance since 2000 reflects a weaker policy framework and exogenous shocks. Macroeconomic policies were relaxed, as fiscal policy was loosened and monetary policy became highly accommodative. Government revenues from the mining sector dropped, despite a recovery in the price of bauxite-Guinea's most important export. Also, a heightened level of regional insecurity and a resulting considerable influx of refugees in Guinea put pressure on government expenditures. As a result, the fiscal deficit rose to an average of 5 percent of GDP in 2000-2004. An accommodative monetary policy led to double digit inflation and a crowding out of credit to the private sector. A concomitant slowdown in the implementation of economic reforms, coupled with increased uncertainty in the political climate and deteriorating quality of public institutions, contributed to the slowdown in economic activity.en
dc.identifierhttp://documents.worldbank.org/curated/en/2008/10/10114965/guinea-development-policy-review
dc.identifier.doi10.1596/7871
dc.identifier.urihttps://hdl.handle.net/10986/7871
dc.languageEnglish
dc.language.isoen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rights.holderWorld Bank
dc.rights.urihttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCOUNTING
dc.subjectADEQUATE REGULATORY FRAMEWORK
dc.subjectALLOCATION
dc.subjectANNUAL RATE
dc.subjectBANKING SECTOR
dc.subjectBASELINE SCENARIO
dc.subjectBASIC SERVICES
dc.subjectBASIC SOCIAL SERVICES
dc.subjectBRIBERY
dc.subjectBRIBES
dc.subjectBUDGET CYCLE
dc.subjectBUDGET MANAGEMENT
dc.subjectBUDGET OPERATIONS
dc.subjectBUDGET OVERSIGHT
dc.subjectBUDGET POLICIES
dc.subjectBUDGET PREPARATION
dc.subjectBUDGET SYSTEM
dc.subjectBUDGETARY PROCESS
dc.subjectBUSINESS ENVIRONMENT
dc.subjectBUSINESS REGULATIONS
dc.subjectCAPITAL ACCUMULATION
dc.subjectCAPITAL SPENDING
dc.subjectCAPITAL STOCK
dc.subjectCASH BASIS
dc.subjectCENTRAL BANK
dc.subjectCIVIL SERVANTS
dc.subjectCIVIL SERVICE
dc.subjectCORRUPT COUNTRIES
dc.subjectCORRUPTION
dc.subjectCORRUPTION PERCEPTIONS
dc.subjectDATA COLLECTION
dc.subjectDEBT BURDEN
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RELIEF
dc.subjectDEBT SERVICE
dc.subjectDEBT SUSTAINABILITY
dc.subjectDECENTRALIZATION
dc.subjectDEFICIT REDUCTION
dc.subjectDOMESTIC BORROWING
dc.subjectDOMESTIC CREDIT
dc.subjectDOMESTIC DEBT
dc.subjectDOMESTIC INVESTMENT
dc.subjectDOMESTIC MARKET
dc.subjectDOMESTIC SAVINGS
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC POLICY
dc.subjectECONOMIC REFORMS
dc.subjectEDUCATION EXPENDITURES
dc.subjectEFFICIENCY GAINS
dc.subjectEFFICIENT ALLOCATION
dc.subjectELASTICITIES
dc.subjectEX POST ASSESSMENT
dc.subjectEXCHANGE RATE
dc.subjectEXOGENOUS SHOCKS
dc.subjectEXPENDITURE CONTROLS
dc.subjectEXPENDITURE MANAGEMENT
dc.subjectEXPENDITURE MANAGEMENT SYSTEM
dc.subjectEXPENDITURE TRACKING
dc.subjectEXTERNAL ARREARS
dc.subjectEXTERNAL ASSISTANCE
dc.subjectEXTERNAL BALANCE
dc.subjectEXTERNAL DEBT
dc.subjectEXTERNAL FINANCING
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SERVICES
dc.subjectFISCAL BALANCE
dc.subjectFISCAL CONSOLIDATION
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL DISCIPLINE
dc.subjectFISCAL PERFORMANCE
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISCAL REVENUE
dc.subjectFISCAL STRATEGY
dc.subjectFOREIGN AID
dc.subjectFOREIGN EXCHANGE
dc.subjectGOVERNANCE INDICATORS
dc.subjectGOVERNANCE ISSUES
dc.subjectGOVERNMENT EXPENDITURES
dc.subjectGOVERNMENT POLICY
dc.subjectGOVERNMENT REVENUES
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS FIXED CAPITAL FORMATION
dc.subjectGROWTH POTENTIAL
dc.subjectGROWTH RATE
dc.subjectGROWTH RATES
dc.subjectHEALTH CARE
dc.subjectHEALTH CENTERS
dc.subjectHEALTH EXPENDITURES
dc.subjectHEALTH OUTCOMES
dc.subjectHEALTH SECTOR
dc.subjectHEALTH SERVICES
dc.subjectHEALTH UNITS
dc.subjectHUMAN DEVELOPMENT
dc.subjectINCOME
dc.subjectINCOME DISTRIBUTION
dc.subjectINFANT MORTALITY
dc.subjectINFLATION
dc.subjectINFLATION RATE
dc.subjectINFRASTRUCTURE SECTOR
dc.subjectINFRASTRUCTURE SERVICES
dc.subjectINSTITUTIONAL FRAMEWORK
dc.subjectINTEREST PAYMENTS
dc.subjectINVESTMENT EXPENDITURES
dc.subjectLIVING STANDARDS
dc.subjectMACROECONOMIC ANALYSIS
dc.subjectMACROECONOMIC ENVIRONMENT
dc.subjectMACROECONOMIC INSTABILITY
dc.subjectMACROECONOMIC POLICIES
dc.subjectMACROECONOMIC POLICY
dc.subjectMACROECONOMIC STABILITY
dc.subjectMACROECONOMIC STABILIZATION
dc.subjectMARKET TRANSACTIONS
dc.subjectMEDIUM-TERM EXPENDITURE
dc.subjectMEDIUM-TERM EXPENDITURE FRAMEWORK
dc.subjectMISMANAGEMENT
dc.subjectMISTRUST
dc.subjectMONETARY DISCIPLINE
dc.subjectMONETARY POLICIES
dc.subjectMONETARY POLICY
dc.subjectMONETARY TERMS
dc.subjectMONETARY UNION
dc.subjectNATIONAL BUDGET
dc.titleGuinea : Development Policy Reviewen
dspace.entity.typePublication
okr.date.disclosure2008-12-16
okr.date.doiregistration2025-05-07T10:46:33.640215Z
okr.doctypeEconomic & Sector Work::Development Policy Review (DPR)
okr.doctypeEconomic & Sector Work
okr.docurlhttp://documents.worldbank.org/curated/en/2008/10/10114965/guinea-development-policy-review
okr.globalpracticePoverty
okr.globalpracticeFinance and Markets
okr.globalpracticeGovernance
okr.guid551441468033670983
okr.identifier.externaldocumentum000333037_20081218023240
okr.identifier.internaldocumentum10114965
okr.identifier.report40054
okr.language.supporteden
okr.pdfurlhttp://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2008/12/18/000333037_20081218023240/Rendered/PDF/400540ESW0P0831isclosed0Dec01602008.pdfen
okr.region.administrativeAfrica
okr.region.countryGuinea
okr.region.geographicalWest Africa
okr.region.geographicalSub-Saharan Africa
okr.sectorHealth
okr.sectorGeneral public administration sector
okr.sectorGeneral industry and trade sector
okr.sectorGeneral finance sector
okr.sectorGeneral education sector
okr.sectorHealth and other social services
okr.sectorPublic Administration, Law, Public Administration, Law, and Justice
okr.sectorIndustry and trade
okr.sectorFinance
okr.sectorEducation
okr.themeTax policy and administration
okr.themeMacroeconomic management
okr.themeExport development and competitiveness
okr.themeDebt management and fiscal sustainability
okr.themeAnalysis of economic growth
okr.themeTrade and integration
okr.themeEconomic management
okr.themePublic sector governance
okr.topicFinance and Financial Sector Development::Access to Finance
okr.topicFinance and Financial Sector Development::Financial Literacy
okr.topicPoverty Reduction::Pro-Poor Growth
okr.topicFinance and Financial Sector Development::Debt Markets
okr.topicPublic Sector Economics and Finance
okr.topicPublic Sector Development
okr.unitAFT: PREM 4 (AFTP4)
okr.volume1 of 1
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