Guinean central bank benefits from reform programme – IMF staff

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The central bank of Guinea has been strengthened over the last few months by institutional reforms and a reduction in its financing of government programmes, an International Monetary Fund staff report says.

But IMF staff stress the bank needs further reforms and larger foreign exchange reserves, and the Guinean government should not go back to relying on it for funding.

In July 2017, the IMF demanded the government of the West African republic sharply reduce its dependence on monetary

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