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Governance and the fight against corruption: Guinea-Bissau gets a 6-month extension of its program

03/07/2025
Source : ORISHAS FINANCE
Categories: Compliance

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Since 2023, Guinea-Bissau has been committed to a program of economic reforms supervised by the Old Style”, serif"> FMI , which is supposed to end in January 2026. The IMF announced on June 30, 2025 that Guinea-Bissau will benefit from an extension of an additional 6 months for its

economic support program.

Guinea-Bissau plans to strengthen governance and fight corruption. For this reason, the IMF decided to grant the country an extension due to mixed performance. Thus, upon completion of the eighth review, the Board of Directors of FMI approved this extension until 29 July 2026 in order to give sufficient time to Guin& eacute; e-Bissau to implement fiscal consolidation policies supported by the Extended Credit Facility (ECF) program.

The FEC aimed to ensure debt sustainability, strengthen governance, and reduce corruption, while creating fiscal space conducive to inclusive growth.
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