Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Reaches Staff-Level Agreement with Guinea Bissau on Fourth and Fifth Reviews of Extended Credit Facility Arrangement

Conclusion of the Fourth and Fifth Reviews by the IMF Executive Board, tentatively scheduled for mid-May 2024, would enable the disbursement of SDR 6.17 million (about US$ 8.2 million), bringing total disbursement under the arrangement to SDR 19.44 million

A team from the International Monetary Fund (IMF) led by Jose Gijon, Mission Chief for Guinea Bissau, held videoconferences and meetings in Bissau during February 28– March 11, 2024, to discuss macroeconomic policies in the context of the Fourth and Fifth Reviews of the ECF arrangement [[1]]. The initial arrangement was…

Source: United Nations Population Fund (UNFPA) |

A travelling theatre in Guinea-Bissau sparks conversations and changes minds about gender-based violence

To help counter practices such as female genital mutilation and child marriage, 25 actors from the National Ballet, the Nossa Patria Amada, performed three plays at local markets

“The piece on forced marriage touched my soul, because I am a victim of this harmful practice,” said Domingas* in Quinhamel, in the western Biombo region of Guinea-Bissau. “I speak with my mother every single day about my marriage to an older man, but she always says ‘these are our…

Source: African Union (AU) |

The African Union Strongly Condemns Violence in Guinea Bissau

The Chairperson calls on the government and all national stakeholders to prioritise dialogue in the furtherance of peace and to respect the Constitution to ensure the preservation of stability and unity of the country

The Chairperson of the African Union Commission, H.E. Moussa Faki Mahamat, strongly condemns the recent violence in Guinea Bissau, perpetrated by elements of the National Guard. The Chairperson equally notes with concern the dissolution of the National Assembly. The Chairperson calls on the government and all national stakeholders to prioritise…

Energy Capital & Power
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    • The Future of Natural Gas a Key Topic at MSGBC Oil, Gas & Power 2023
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Source: Energy Capital & Power |

The Future of Natural Gas a Key Topic at MSGBC Oil, Gas & Power 2023

A panel discussion during the MSGBC Oil, Gas & Power conference this November will spotlight the future of natural gas in the evolving energy landscape, addressing geopolitics, regulation, pricing, and energy storage technologies

The MSGBC region is poised to become a global gas hub owing to its substantial proven resources, million-ton-projects and strategic location. With a major Liquefied Natural Gas (LNG) project coming online in 2024 and new exploration campaigns kicking off, the region’s premier energy, the MSGBC Oil, Gas & Power 2023…

Source: International Monetary Fund (IMF) |

International Monetary Fund (IMF) Staff Reach Staff-Level Agreement on Third Review of the Extended Credit Facility Arrangement with Guinea Bissau

The initial arrangement was approved for a total amount of SDR 28.4 million (about US$ 37.9 million) on January 30, 2023

IMF staff and the Guinea Bissau authorities have reached a staff-level agreement that could support the third review of the Extended Credit Facility (ECF) supported program, subject to approval by the IMF Executive Board. Upon completion of the review, Guinea Bissau will have access to an additional SDR [6.16] million…

Energy Capital & Power
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    • Exploring West Africa's Energy Potential: Country Sessions to Take Center Stage at MSGBC Oil, Gas & Power 2023
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Source: Energy Capital & Power |

Exploring West Africa's Energy Potential: Country Sessions to Take Center Stage at MSGBC Oil, Gas & Power 2023

MSGBC Oil, Gas & Power 2023 will shine a spotlight on the region’s energy potential, featuring country-specific sessions on the evolving energy landscapes of Guinea, Senegal, The Gambia, Guinea-Bissau and Mauritania

The MSGBC Oil, Gas & Power 2023 Conference & Exhibition is set to showcase the untapped energy potential of West Africa. Taking place in Nouakchott on November 21-22, the event features several country-specific sessions providing unique insights into the challenges and opportunities within each nation’s energy development agenda. Rich in…

Source: United Arab Emirates Ministry of Foreign Affairs & International Cooperation |

United Arab Emirates leaders congratulate President of Guinea-Bissau on Independence Day

Deputy Prime Minister and Minister of the Presidential Court, dispatched similar messages to President Embalo and to the country's Prime Minister, Geraldo Martins, on the occasion

President His Highness Sheikh Mohamed bin Zayed Al Nahyan has sent a congratulatory message to President Umaro Cissoko Embalo of Guinea-Bissau on the occasion of his country's Independence Day. His Highness Sheikh Mohammed bin Rashid Al Maktoum, Vice President, Prime Minister and Ruler of Dubai, and His Highness Sheikh Mansour…

Source: FIFA |

Argentina widen the gap while Guinea-Bissau and Aruba make headway

Following their 1-0 triumph over Ecuador and a 3-0 away success against Bolivia in their opening CONMEBOL FIFA World Cup 2026™ qualifiers, Argentina (1st) tighten their grip at the summit of the FIFA/Coca-Cola World Ranking

Total of 159 international matches played in September; Qatar 2022™ winners Argentina make perfect start to FIFA (www.FIFA.com) World Cup 2026™ qualifying campaign; Albania, Guinea-Bissau and Aruba make significant strides. Following their 1-0 triumph over Ecuador and a 3-0 away success against Bolivia in their opening CONMEBOL FIFA World Cup 2026™ qualifiers,…

Source: The World Bank Group |

Health, Pensions, and Electricity Sectors are Key to Fiscal Consolidation in Guinea-Bissau

A quarter of the population live below the international poverty line of US$2.15 a day, making it one of the poorest countries in the world

Strengthening the pension system, improving health sector outcomes, and enhancing the performance of the electricity sector are key to consolidating fiscal space in Guinea-Bissau and accelerating development. These are some of highlights of the Public Expenditure Review (PER), a new report launched by the World Bank. With a small population of…