Guinea-Bissau; Poverty Reduction Strategy Paper-Second Annual Progress Report-Joint Staff Advisory Note

This Joint Staff Advisory Note reviews progress in the implementation process of the National Poverty Reduction Strategy (NPRS) for Guinea-Bissau during July 2009–10. It is found that Guinea-Bissau has yielded significant results in the first NPRS, and authorities are taking effective measures for better results in the second NPRS. They are also planning a strategy for strengthening governance, promoting economic growth, and reducing poverty and are also requiring international support and a predictable flow of resources for better implementation of the NPRS. On reviewing the same, the IMF approved a three-year arrangement under the Extended Credit Facility (ECF) for 2010–12.