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This paper discusses Guinea-Bissau’s Request for Disbursement Under the Rapid Credit Facility (RCF). In 2012 and 2013, Guinea-Bissau suffered a severe balance of payments shock as the international price of raw cashew nuts—the main export product—fell by about 20 percent per year. The authorities have requested assistance under the RCF to help address the urgent balance of payments and fiscal financing needs for 2014. The IMF staff supports the authorities’ request for assistance under the RCF in view of their currently limited capacity to implement policies of an upper credit tranche-quality economic program, the large and urgent balance of payments need, and the catalytic effect of IMF support for other external financing.
Economic assistance --- Balance of payments --- Fiscal policy --- Economic indicators --- Debts, External --- Debts, Foreign --- Debts, International --- External debts --- Foreign debts --- International debts --- Debt --- International finance --- Investments, Foreign --- Business indicators --- Indicators, Business --- Indicators, Economic --- Leading indicators --- Economic history --- Quality of life --- Economic forecasting --- Index numbers (Economics) --- Social indicators --- Tax policy --- Taxation --- Economic policy --- Finance, Public --- Current account balance (International trade) --- International payments, Balance of --- Foreign exchange --- Terms of trade --- Balance of trade --- International liquidity --- Economic aid --- Foreign aid program --- Foreign assistance --- Grants-in-aid, International --- International economic assistance --- International grants-in-aid --- International economic relations --- Conditionality (International relations) --- Government policy --- International Monetary Fund --- Internationaal monetair fonds --- International monetary fund --- Guinea-Bissau --- Economic conditions. --- Budgeting --- Exports and Imports --- Macroeconomics --- Public Finance --- Statistics --- International Lending and Debt Problems --- National Government Expenditures and Related Policies: General --- Data Collection and Data Estimation Methodology --- Computer Programs: Other --- Debt Management --- Sovereign Debt --- National Budget --- Budget Systems --- Public finance & taxation --- International economics --- Econometrics & economic statistics --- Budgeting & financial management --- Public financial management (PFM) --- Public debt --- External debt --- Government finance statistics --- Budget planning and preparation --- Debts, Public --- Finance --- Budget --- Guinea
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