The IMF and Guinea-Bissau have reached a staff-level agreement on economic policies to support the ECF. Upon approval by the IMF management and the executive board, Guinea-Bissau will gain access to approximately USD 7.2 mln. Growth is projected at 5% in 2024, with inflation averaging 4.2%. Authorities are committed to achieving a fiscal deficit of 3% of GDP by 2025, which is in line with WAEMU targets.