In an end-of-mission statement, International Monetary Fund staff announced a staff-level agreement with Guinea-Bissau on economic and financial policies that could support the eleventh review of the Extended Credit Facility arrangement. If the agreed prior actions are implemented and the review is approved by IMF management and the Executive Board, Guinea-Bissau would be able to draw SDR 1.18 million, about USD 1.6 million. IMF staff said all end-March 2026 program targets were met, including all quantitative performance criteria, indicative targets, structural benchmarks and continuous performance criteria. Growth in 2025 is estimated at 5.8 percent, supported by agricultural production, especially cashew exports, and private investment, but is expected to moderate in 2026 because of higher fuel prices and possible disruptions to the cashew marketing campaign. The authorities are pursuing the 2026 domestic primary surplus target through stronger revenue mobilization, strict expenditure prioritization, tighter expenditure controls, stronger debt management and tax administration measures, while curtailing non-priority spending until cashew-related revenues materialize. Staff will now prepare a report for Executive Board discussion and decision, subject to management approval. Completion of the review would bring total disbursements under the arrangement to SDR 38.58 million, about USD 52.8 million. The arrangement was approved in January 2023 for SDR 28.4 million, about USD 37.3 million, and access was later augmented to 140 percent of quota, or SDR 39.76 million.

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