Tag: Guinea-Bissau

AU and  UN reacts on Guinea-Bissau’s political crisis

AU and UN reacts on Guinea-Bissau’s political crisis

INTERNATIONAL
ADDIS ABABA, Ethiopia: The Chairperson of the African Union Commission, Moussa Faki Mahamat, and the Secretary-General of the United Nations, António Guterres, express concern over the protracted political crisis in Guinea-Bissau despite the multiple opportunities offered to the main political stakeholders to arrive at a consensual arrangement. They denounce the actions being taken by those who seek to obstruct and prevent a resolution of the crisis. They condemn the recent actions taken by the national authorities to prevent the African Party for the Independence of Guinea and Cabo Verde (PAIGC) from convening and holding its Party Congress, including the directive given to national security services to evacuate and shutter the party’s headquarters. They call on all rele
International Monetary Fund Staff Concludes Visit to Guinea-Bissau

International Monetary Fund Staff Concludes Visit to Guinea-Bissau

AFRICA
WASHINGTON D.C., United States of America: An International Monetary Fund (IMF) team led by Tobias Rasmussen visited Guinea-Bissau from January 17-23, 2018, to evaluate the draft 2018 budget, assess the fiscal and debt implications of an intended scaling up of infrastructure investments, and discuss recent developments in the banking sector. At the end of the visit, Mr. Rasmussen issued the following statement: “Economic activity remains buoyant, supported by effective fiscal management. Inflation has remained low, tax revenue is rising robustly, and real GDP growth appears continuing near the 2017 pace of around 5.5 percent. Pickups in public and private investment are providing new growth impetus, compensating for a likely levelling off in cashew prices followi
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