Guinea-Bissau Country Economic Memorandum : Terra Ranca! A Fresh Start

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collection.link.76
https://openknowledge.worldbank.org/handle/10986/2184
collection.name.76
Country Economic Memorandum
dc.contributor.author
World Bank
dc.date.accessioned
2015-03-12T15:53:15Z
dc.date.available
2015-03-12T15:53:15Z
dc.date.issued
2015-01-12
dc.date.lastModified
2021-04-23T14:04:03Z
dc.description.abstract
After decades of turmoil and instability, a period of calm and progress evolved in Guinea-Bissau in 2009. A military coup in April 2012 interrupted it. A fresh start is needed to alter the dynamics that kept Guinea-Bissau poor. In 2013, Gross National Income per capita was US$590. Average economic growth barely kept pace with population growth. In 2010, poverty at the national poverty line of US$2 a day was 70 percent; extreme poverty at US$1 a day was 33 percent. These numbers have increased from their 2002 levels and they are estimated to have increased further since 2010. It is time to make a fresh start and turn the page on anemic growth and poverty. Guinea-Bissau s elections of May and June 2014 are described by many observers as the freest and fairest in the country s history. Voter registration and turnout were at record-levels. The conditions for progress and stability are favorable. Guinea-Bissau is a rural economy, almost entirely dependent on a single cash crop: cashew. It is the main source of income for most of the country s poor. Cashew nuts are Guinea-Bissau s main export, accounting for 85 to 90 percent of the country s total exports. The balance of payments is dominated by cashew, on the export side, and food and fuel, among imports. The economy is open, with exports and imports by land and sea amounting to more than 70 percent of GDP. Shocks to cashew, rice and oil prices have a considerable effect on the current account balance. Official Development Assistance (ODA) makes a critical contribution to supporting the state budget. In 2011, Guinea-Bissau ranked 20th among the world s most aid dependent countries. Recently, policy mistakes aggravated an already dire situation. However, the 2014 cashew campaign was been better than the 2013 campaign, and the prospects for a pick-up in growth have improved.
en
dc.identifier
http://documents.worldbank.org/curated/en/2015/01/24053374/guinea-bissau-country-economic-memorandum-terra-ranca-fresh-start-vol-2
dc.identifier.uri
http://hdl.handle.net/10986/21599
dc.language
English
dc.language.iso
en_US
dc.publisher
Washington, DC
dc.rights
CC BY 3.0 IGO
dc.rights.uri
http://creativecommons.org/licenses/by/3.0/igo/
dc.subject
ACCESS TO BANKING
dc.subject
ACCESS TO BANKING SERVICES
dc.subject
ACCESS TO CREDIT
dc.subject
ACCESS TO FINANCE
dc.subject
ACCESS TO MARKETS
dc.subject
ACCOUNTABILITY
dc.subject
ACCOUNTING
dc.subject
ADVISORY SERVICES
dc.subject
AGRICULTURAL PRODUCTS
dc.subject
AGRICULTURE
dc.subject
AGRICULTURE ORGANIZATION
dc.subject
ARREARS
dc.subject
BALANCE OF PAYMENTS
dc.subject
BANK ACCOUNTS
dc.subject
BARTER
dc.subject
BENEFICIARIES
dc.subject
BRIBE
dc.subject
BROAD MONEY
dc.subject
BUDGET SURPLUS
dc.subject
BUSINESS PLAN
dc.subject
CAPACITY BUILDING
dc.subject
CAPITAL ACCESS
dc.subject
CAPITAL MARKETS
dc.subject
CARBON
dc.subject
CASH TRANSFERS
dc.subject
CENTRAL BANK
dc.subject
CHAMBER OF COMMERCE
dc.subject
CIVIL SOCIETY
dc.subject
CIVIL SOCIETY ORGANIZATION
dc.subject
CLEAN DEVELOPMENT MECHANISM
dc.subject
COMMERCIAL BANKS
dc.subject
COMPARATIVE ADVANTAGE
dc.subject
COMPETITIVENESS
dc.subject
CONSUMER PRICE INDEX
dc.subject
CONTRACT ENFORCEMENT
dc.subject
COOPERATIVES
dc.subject
CORPORATE GOVERNANCE
dc.subject
CORRUPTION
dc.subject
CREDIT FACILITY
dc.subject
CRIME
dc.subject
CURRENCY
dc.subject
CURRENT ACCOUNT
dc.subject
DEBT
dc.subject
DEBT BURDEN
dc.subject
DEBT MANAGEMENT
dc.subject
DEBT RELIEF
dc.subject
DEFORESTATION
dc.subject
DEPOSITS
dc.subject
DEVELOPED COUNTRIES
dc.subject
DEVELOPMENT ASSISTANCE
dc.subject
DEVELOPMENT BANK
dc.subject
DEVELOPMENT POLICY
dc.subject
DIVERSIFICATION
dc.subject
DIVIDENDS
dc.subject
DONOR SUPPORT
dc.subject
ECONOMIC ACTIVITIES
dc.subject
ECONOMIC ACTIVITY
dc.subject
ECONOMIC ANALYSIS
dc.subject
ECONOMIC DEVELOPMENT
dc.subject
ECONOMIC DEVELOPMENTS
dc.subject
ECONOMIC DIFFICULTY
dc.subject
ECONOMIC GROWTH
dc.subject
ECONOMIC OPPORTUNITY
dc.subject
ECONOMIC PERFORMANCE
dc.subject
ECONOMIC SECTORS
dc.subject
ECONOMIC SITUATION
dc.subject
ECONOMICS
dc.subject
EMISSIONS
dc.subject
ENABLING ENVIRONMENT
dc.subject
ENERGY CONSUMPTION
dc.subject
ENTREPRENEURS
dc.subject
ENVIRONMENTAL
dc.subject
EQUILIBRIUM
dc.subject
ETHNIC GROUPS
dc.subject
EXCHANGE RATE
dc.subject
EXPENDITURE
dc.subject
EXPLOITATION
dc.subject
EXPORT EARNINGS
dc.subject
EXPORTER
dc.subject
EXPORTERS
dc.subject
EXPORTS
dc.subject
EXTREME POVERTY
dc.subject
FAMILIES
dc.subject
FAMILY INCOMES
dc.subject
FARMER
dc.subject
FARMERS
dc.subject
FINANCIAL CRISIS
dc.subject
FINANCIAL INTERMEDIATION
dc.subject
FINANCIAL MANAGEMENT
dc.subject
FINANCIAL MARKET
dc.subject
FINANCIAL RESOURCES
dc.subject
FINANCIAL SECTOR
dc.subject
FINANCIAL SUPPORT
dc.subject
FINANCIAL SUSTAINABILITY
dc.subject
FINANCIAL SYSTEM
dc.subject
FISCAL BURDEN
dc.subject
FISCAL DEFICIT
dc.subject
FISCAL POLICIES
dc.subject
FISCAL POLICY
dc.subject
FISH
dc.subject
FISHERIES
dc.subject
FISHING
dc.subject
FOREIGN DIRECT INVESTMENT
dc.subject
FOREIGN INVESTMENT
dc.subject
FORESTRY
dc.subject
FREE TRADE
dc.subject
GDP
dc.subject
GDP DEFLATOR
dc.subject
GDP PER CAPITA
dc.subject
GENDER
dc.subject
GENDER EQUALITY
dc.subject
GOVERNANCE REFORM
dc.subject
GOVERNMENT BONDS
dc.subject
GOVERNMENT CAPACITY
dc.subject
GOVERNMENT FINANCES
dc.subject
GOVERNMENT INVESTMENT
dc.subject
GOVERNMENT OWNERSHIP
dc.subject
GOVERNMENT REVENUE
dc.subject
GOVERNMENT SAVINGS
dc.subject
GREEN REVOLUTION
dc.subject
GROSS DOMESTIC PRODUCT
dc.subject
GROSS NATIONAL SAVINGS
dc.subject
GROWTH POTENTIAL
dc.subject
HOLDING
dc.subject
HOUSEHOLD INCOMES
dc.subject
HOUSEHOLDS
dc.subject
HUMAN CAPITAL
dc.subject
HUMAN DEVELOPMENT
dc.subject
HUMAN RESOURCES
dc.subject
INCOME GROWTH
dc.subject
INDUSTRIALIZATION
dc.subject
INFLATION
dc.subject
INFORMAL ECONOMIES
dc.subject
INFRASTRUCTURE INVESTMENT
dc.subject
INSTITUTIONAL REFORM
dc.subject
INSTRUMENT
dc.subject
INSURANCE
dc.subject
INTANGIBLE
dc.subject
INTERNATIONAL DEVELOPMENT
dc.subject
INVESTING
dc.subject
KEY CHALLENGE
dc.subject
LABOR COSTS
dc.subject
LABOR FORCE
dc.subject
LABOR MARKET
dc.subject
LABOR PRODUCTIVITY
dc.subject
LACK OF COLLATERAL
dc.subject
LDCS
dc.subject
LOCAL ECONOMY
dc.subject
LOGGING
dc.subject
LOW INCOME COUNTRIES
dc.subject
MACROECONOMICS
dc.subject
MARKET FAILURES
dc.subject
MARKET PARTICIPANTS
dc.subject
MARKET PRICES
dc.subject
MFI
dc.subject
MICRO-ENTERPRISES
dc.subject
MICRO-FINANCE
dc.subject
MICROFINANCE
dc.subject
MICROFINANCE INSTITUTION
dc.subject
MINES
dc.subject
MOBILE PHONE
dc.subject
MOBILE PHONES
dc.subject
MONETARY FINANCING
dc.subject
MONETARY FUND
dc.subject
MONETARY POLICY
dc.subject
NATIONAL INCOME
dc.subject
NATURAL CAPITAL
dc.subject
NATURAL RESOURCES
dc.subject
NON-PERFORMING LOANS
dc.subject
NONPERFORMING LOANS
dc.subject
NPL
dc.subject
NUTRITION
dc.subject
OIL
dc.subject
OUTREACH
dc.subject
PHYSICAL CAPITAL
dc.subject
POLITICAL INSTABILITY
dc.subject
POLITICAL STABILITY
dc.subject
POPULATION GROWTH
dc.subject
PRIVATE INVESTORS
dc.subject
PRIVATE SECTOR DEVELOPMENT
dc.subject
PRODUCERS
dc.subject
PRODUCTIVITY GROWTH
dc.subject
PUBLIC DEBT
dc.subject
PUBLIC FINANCES
dc.subject
PUBLIC GOOD
dc.subject
PUBLIC INVESTMENT
dc.subject
PUBLIC POLICY
dc.subject
PUBLIC PROCUREMENT
dc.subject
PUBLIC-PRIVATE PARTNERSHIP
dc.subject
PURCHASING POWER
dc.subject
PURCHASING POWER PARITY
dc.subject
REAL EXCHANGE RATE
dc.subject
REAL GDP
dc.subject
REAL WAGES
dc.subject
RECEIPTS
dc.subject
RECESSION
dc.subject
REGULATORY AUTHORITY
dc.subject
REGULATORY FRAMEWORK
dc.subject
REMITTANCES
dc.subject
RENEWABLE RESOURCES
dc.subject
RENT SEEKING
dc.subject
RETURN
dc.subject
RETURNS
dc.subject
RULE OF LAW
dc.subject
SAFETY NET
dc.subject
SETTLEMENT
dc.subject
SHOCKS TO INCOME
dc.subject
SMALL BUSINESSES
dc.subject
SMALL FARMERS
dc.subject
SOURCE OF INCOME
dc.subject
STOCKS
dc.subject
SUSTAINABLE DEVELOPMENT
dc.subject
SUSTAINABLE MANAGEMENT
dc.subject
TAX
dc.subject
TAX REVENUE
dc.subject
TAX REVENUES
dc.subject
TECHNICAL ASSISTANCE
dc.subject
TELECOMMUNICATIONS
dc.subject
TERMS OF TRADE
dc.subject
TIMBER
dc.subject
TOTAL FACTOR PRODUCTIVITY
dc.subject
TRADING
dc.subject
TRADING BLOCS
dc.subject
TRANSPARENCY
dc.subject
TREASURY
dc.subject
TRUST FUND
dc.subject
UNION
dc.subject
URBAN DEVELOPMENT
dc.subject
VALUE ADDED
dc.subject
VENTURE CAPITAL
dc.subject
VILLAGE
dc.subject
WAGES
dc.subject
WEALTH
dc.subject
WITHDRAWAL
dc.title
Guinea-Bissau Country Economic Memorandum : Terra Ranca! A Fresh Start
en
dc.title.alternative
Guine-Bissau - Memorando economico do pais : Terra ranca! Um novo comeco
en
okr.date.disclosure
2015-02-25
okr.doctype
Economic & Sector Work
okr.doctype
Economic & Sector Work :: Country Economic Memorandum
okr.docurl
http://documents.worldbank.org/curated/en/2015/01/24053374/guinea-bissau-country-economic-memorandum-terra-ranca-fresh-start-vol-2
okr.globalpractice
Macroeconomics and Fiscal Management
okr.googlescholar.linkpresent
yes
okr.identifier.externaldocumentum
000477144_20150225113128
okr.identifier.internaldocumentum
24053374
okr.identifier.report
58296
okr.language.supported
en
okr.pdfurl
http://www-wds.worldbank.org/external/default/WDSContentServer/WDSP/IB/2015/02/25/000477144_20150225113128/Rendered/PDF/582960CEM0v20G0C0disclosed020250150.pdf
en
okr.region.administrative
Africa
okr.region.country
Guinea-Bissau
okr.sector
Public Administration, Law, and Justice :: General public administration sector
okr.sector
Education
okr.sector
Finance
okr.sector
Health and other social services :: Health
okr.sector
Industry and trade
okr.theme
Economic management :: Analysis of economic growth
okr.theme
Economic management :: Debt management and fiscal sustainability
okr.theme
Economic management :: Macroeconomic management
okr.theme
Public sector governance :: Tax policy and administration
okr.theme
Trade and integration :: Export development and competitiveness
okr.topic
Finance and Financial Sector Development :: Access to Finance
okr.topic
Environmental Economics and Policies
okr.topic
Economic Theory and Research
okr.topic
Finance and Financial Sector Development :: Debt Markets
okr.topic
Governance :: Governance Indicators
okr.topic
Macroeconomics and Economic Growth
okr.topic
Environment
okr.unit
Macro & Fiscal Mgmt - GP (GMFDR)

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