Guinea-Bissau

The IMF completed the seventh review under the ECF for Guinea-Bissau, approving an immediate disbursement of SDR 5.43 mln (approximately USD 7.1 mln). Growth is projected to reach 5% in 2024, with inflation averaging 4.2%. The fiscal deficit is expected to reach 5% of GDP in 2024, with a target of 3% in 2025. However, the economic outlook faces significant downside risks.