IMF calls for Guinea central bank to cut government financing
Central bank must build up currency reserves and follow rule-based intervention strategy
The International Monetary Fund has called on Guinea’s government to reduce its dependence on central bank financing.
IMF staff made the call, backed by the institution’s executive board, in its first review of Guinea’s three-year extended credit facility with the IMF, published on July 20. The IMF laid out a general plan for boosting the capacity of the central bank and other economic institutions and changing the West African country’s economic management framework.
The IMF’s executive board
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