01988cas a2200241 a 4500 AALejournalIMF011763 230101c9999 xx r poo 0 0eng d 5.00 USD 9781475502602 1934-7685 BD-DhAAL BD-DhAAL International Monetary Fund. Guinea : 2011 Article IV Consultation and Requests for a Three-Year Arrangement Under the Extended Credit Facility, and for Additional Interim Assistance Under the Enhanced Initiative for Heavily Indebted Poor Countries-Staff Report; Public Information Notice and Press Release on the Executive Board Discussion; and Statement by the Executive Director for Guinea. Washington, D.C. : International Monetary Fund, 2012. 1 online resource (134 pages) IMF Staff Country Reports <strong>Off-Campus Access:</strong> No User ID or Password Required <strong>On-Campus Access:</strong> No User ID or Password Required Electronic access restricted to authorized BRAC University faculty, staff and students This paper presents Guinea's 2011 Article IV Consultation and requests for a three-year arrangement under the Extended Credit Facility. The macroeconomic improvement in 2011 has been mainly owed to sharp fiscal adjustment. The deficit on the budget's basic balance has been reduced from 13 percent of GDP in 2010 to an estimated 2.5 percent of GDP, while monetary financing of the budget has been avoided in an effort to reduce excess liquidity stemming from large central bank advances in 2009-10. Key medium-term challenges are to reduce inflation while preparing the economy for an expected substantial increase in mining activity. Mode of access: Internet IMF Staff Country Reports; Country Report ; No. 2012/063 Full text available on IMF http://elibrary.imf.org/view/journals/002/2012/063/002.2012.issue-063-en.xml IMF e-Library