The Gulf of Guinea (GoG) spans over 6 000 km of coastline and 19 states. The region is rich in natural resources: it holds significant reserves of gas (2.7% of total world reserves) and oil (4.5%), as well as other valuable minerals including diamonds, tin, bauxite, manganese and cobalt. While...

The Gulf of Guinea (GoG) spans over 6 000 km of coastline and 19 states. The region is rich in natural resources: it holds significant reserves of gas (2.7% of total world reserves) and oil (4.5%), as well as other valuable minerals including diamonds, tin, bauxite, manganese and cobalt. While...

[Please note this report is available both in English and French] The mission assisted the Central Bank of the Republic of Guinea (CBRG) in compiling Financial Soundness Indicators (FSIs) using the new methodology following the IMF’s 2019 FSIs Compilation Guide. Specifically, in collaboration...

The report outlines the efforts of the International Monetary Fund (IMF) to assist the Central Bank of the Republic of Guinea (BCRG) in operationalizing a special resolution regime (SRR) for credit institutions. This initiative addresses the deficiencies in Guinea's financial safety net, which...

Background Access to safe, financial affordable health care is a key factor in reducing health disparities. The malaria is a major public health issue, with significant economic implications in Guinea where the free malaria care services were introduced in 2010. This paper analyzes the costs...

This Selected Issues paper examines the potential medium and long-term effects of the Simandou iron ore project on Guinea's economy and income distribution. The paper uses two complementary macroeconomic models. If production began in 2025, the level of real gross domestic product would be...

On December 18, 2023, the explosion of a major fuel import and storage facility led to fuel shortages and new urgent financing needs. The blast caused 25 deaths and 457 injured as well as widespread fuel shortages, affecting transportation and economic activity. The relatively strong mining...

This summary provides an overview of the guidance provided to the Guinea-Bissau tax administration on the consolidation of its modernization agenda, underpinned by the tax administration´s digital transformation. Starting amid the COVID-19 pandemic, the digitalization journey has progressively...