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Guinea-Bissau is a fragile state facing significant development challenges, including sustaining the recovery from the COVID-19 pandemic, supply disruptions, and the global economic slowdown. The IMF Board approved a three-year ECF arrangement with access of 100 percent of quota (SDR 28.4 million) in January 2023. Building on the 2021 SMP achievements, the program supports a credible fiscal consolidation that ensures medium-term debt sustainability. The structural agenda to strengthen governance and AML/CFT framework will improve the management of fiscal resources and public investment, increase transparency and accountability and counter corruption.

Guinea-Bissau

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In 1805, naval officer Captain Philip Beaver (1766-1813) published his African Memoranda: Relative to an Attempt to Establish a British Settlement on the Island of Bulama, on the Western Coast of Africa, in the Year 1792. Beaver's text in this modern scholarly edition provides an absorbing testimony of his efforts to assist British colonisers in establishing their African settlement. Despite the colonial ambitions of this project, the 'Bulama Committee' members were reformists at heart. Their high-minded intentions in purchasing the island and settling it were to demonstrate the anti-slavery principle that propagation by 'free natives' would bring 'cultivation and commerce' to the region and ultimately introduce 'civilization' among them. Beaver's journal tells the extraordinary account of how the colonists' ambitions to benefit the African economy and set a precedent of humanitarian labour for the slave-owning lobby in Britain led to the extraordinary emigration of 275 men, women and children in order to put their humanitarian ideals into practice.

Bolama Island (Guinea --- Bissau) Colonization --- Bissau) --- History --- Beaver, Philip, --- Travel --- Bolama Island (Guinea-Bissau) --- Description and travel. --- Colonization.

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This paper presents Guinea-Bissau’s Request for a Three-year Arrangement under the Extended Credit Facility (ECF). The ECF-supported program aims to anchor macroeconomic stability, putting the budget back on track and ensuring medium-term debt sustainability, while continuing progress on structural reforms initiated under the 2021–22 Staff Monitored Program. It will provide a framework to assist the authorities in designing and implementing effective policies to better address development challenges such as enhanced education and health systems, promote inclusive growth, and reduce poverty. Fiscal policy will aim to reduce the deficit and debt in line with the West Africa Economic and Monetary Union convergence criteria over the medium term through revenue mobilization, expenditure rationalization, mitigation of fiscal risks and prudent borrowing. Further action to enhance governance including to advance Anti Money Laundering/Combating the Financing of Terrorism/effectiveness will improve the management of fiscal resources and public investment, increase transparency and accountability, and counter corruption. The program will also help catalyze much needed donor financing, particularly in the form of grants and concessional loans, and support the reduction of debt vulnerabilities.

Guinea-Bissau --- Money and Monetary Policy --- International Economics --- Public Finance --- Exports and Imports --- Macroeconomics --- Labor --- Monetary Policy --- International Agreements and Observance --- International Organizations --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Fiscal Policy --- Auditing --- Taxation, Subsidies, and Revenue: General --- Monetary economics --- International institutions --- Public finance & taxation --- International economics --- Auditing / Audits --- Labour --- income economics --- Monetary policy --- International organization --- Public debt --- External debt --- Debt sustainability analysis --- Fiscal consolidation --- Fiscal policy --- Public financial management (PFM) --- International agencies --- Debts, External --- Debts, Public --- Revenue

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Guinea-Bissau is a fragile state facing significant development challenges, including sustaining the recovery from the COVID-19 pandemic, supply disruptions, and the global economic slowdown. The IMF Board approved a three-year ECF arrangement with access of 100 percent of quota (SDR 28.4 million) in January 2023. Building on the 2021 SMP achievements, the program supports a credible fiscal consolidation that ensures medium-term debt sustainability. The structural agenda to strengthen governance and AML/CFT framework will improve the management of fiscal resources and public investment, increase transparency and accountability and counter corruption.

Money and Monetary Policy --- International Economics --- Public Finance --- Exports and Imports --- Banks and Banking --- Monetary Policy --- International Agreements and Observance --- International Organizations --- Monetary Policy, Central Banking, and the Supply of Money and Credit: General --- Taxation, Subsidies, and Revenue: General --- International Lending and Debt Problems --- Debt --- Debt Management --- Sovereign Debt --- Banks --- Depository Institutions --- Micro Finance Institutions --- Mortgages --- Monetary economics --- International institutions --- Public finance & taxation --- International economics --- Banking --- Monetary policy --- International organization --- Money --- Revenue administration --- External debt --- Public debt --- Financial institutions --- International agencies --- Credit --- Revenue --- Debts, External --- Debts, Public --- Banks and banking --- Guinea-Bissau