IMF Reaches Staff-Level Agreement with Guinea on the Extended Credit ...
6 Articles
6 Articles
Conakry is preparing to secure $425 million under an agreement with the International Monetary Fund. In addition to the expected funding, the program must primarily impose a discipline framework to manage the mining rent and strengthen public finances.
On Monday, August 10, 2026, the Conakry authorities signed a service-level agreement with the International Monetary Fund (IMF) for a 41-month programme supported by the Extended Credit Facility (ECF). Subject to the validation of the Board of Directors, scheduled for September, the country will benefit from a draw of approximately $425 million.
Conakry, August 10, 2026 – Guinea and the services of the International Monetary Fund (IMF) have reached an agreement at the service level for the establishment of a new 41-month economic and financial programme, supported by the Extended Credit Facility (ECF). Subject to the approval of the management and...
CONAKRY – On Monday, August 10, 2026, the Guinean government announced the conclusion of an agreement with the International Monetary Fund (IMF) on a new 41-month economic and financial programme, supported by the Extended Credit Facility (EFC). This agreement provides for access to financial resources of approximately $425 million.
The objective is that the reduction of the fiscal deficit and adjustment measures will not deepen the economic difficulties of those with lower incomes.
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