Guinea-Bissau Country Economic Memorandum : Terra Ranca! A Fresh Start

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dc.creatorWorld Bank
dc.date2015-03-12T15:53:15Z
dc.date2015-03-12T15:53:15Z
dc.date2015-01-12
dc.date.accessioned2026-07-01T00:41:58Z
dc.descriptionAfter decades of turmoil and instability, a period of calm and progress evolved in Guinea-Bissau in 2009. A military coup in April 2012 interrupted it. A fresh start is needed to alter the dynamics that kept Guinea-Bissau poor. In 2013, Gross National Income per capita was US$590. Average economic growth barely kept pace with population growth. In 2010, poverty at the national poverty line of US$2 a day was 70 percent; extreme poverty at US$1 a day was 33 percent. These numbers have increased from their 2002 levels and they are estimated to have increased further since 2010. It is time to make a fresh start and turn the page on anemic growth and poverty. Guinea-Bissau s elections of May and June 2014 are described by many observers as the freest and fairest in the country s history. Voter registration and turnout were at record-levels. The conditions for progress and stability are favorable. Guinea-Bissau is a rural economy, almost entirely dependent on a single cash crop: cashew. It is the main source of income for most of the country s poor. Cashew nuts are Guinea-Bissau s main export, accounting for 85 to 90 percent of the country s total exports. The balance of payments is dominated by cashew, on the export side, and food and fuel, among imports. The economy is open, with exports and imports by land and sea amounting to more than 70 percent of GDP. Shocks to cashew, rice and oil prices have a considerable effect on the current account balance. Official Development Assistance (ODA) makes a critical contribution to supporting the state budget. In 2011, Guinea-Bissau ranked 20th among the world s most aid dependent countries. Recently, policy mistakes aggravated an already dire situation. However, the 2014 cashew campaign was been better than the 2013 campaign, and the prospects for a pick-up in growth have improved.
dc.formatapplication/pdf
dc.formattext/plain
dc.identifierhttp://documents.worldbank.org/curated/en/2015/01/24053374/guinea-bissau-country-economic-memorandum-terra-ranca-fresh-start-vol-2
dc.identifierhttps://hdl.handle.net/10986/21599
dc.identifierhttps://doi.org/10.1596/21599
dc.identifier.urihttp://hdl.handle.net/123456789/409406
dc.languageEnglish
dc.languageen_US
dc.publisherWashington, DC
dc.rightsCC BY 3.0 IGO
dc.rightshttp://creativecommons.org/licenses/by/3.0/igo/
dc.subjectACCESS TO BANKING
dc.subjectACCESS TO BANKING SERVICES
dc.subjectACCESS TO CREDIT
dc.subjectACCESS TO FINANCE
dc.subjectACCESS TO MARKETS
dc.subjectACCOUNTABILITY
dc.subjectACCOUNTING
dc.subjectADVISORY SERVICES
dc.subjectAGRICULTURAL PRODUCTS
dc.subjectAGRICULTURE
dc.subjectAGRICULTURE ORGANIZATION
dc.subjectARREARS
dc.subjectBALANCE OF PAYMENTS
dc.subjectBANK ACCOUNTS
dc.subjectBARTER
dc.subjectBENEFICIARIES
dc.subjectBRIBE
dc.subjectBROAD MONEY
dc.subjectBUDGET SURPLUS
dc.subjectBUSINESS PLAN
dc.subjectCAPACITY BUILDING
dc.subjectCAPITAL ACCESS
dc.subjectCAPITAL MARKETS
dc.subjectCARBON
dc.subjectCASH TRANSFERS
dc.subjectCENTRAL BANK
dc.subjectCHAMBER OF COMMERCE
dc.subjectCIVIL SOCIETY
dc.subjectCIVIL SOCIETY ORGANIZATION
dc.subjectCLEAN DEVELOPMENT MECHANISM
dc.subjectCOMMERCIAL BANKS
dc.subjectCOMPARATIVE ADVANTAGE
dc.subjectCOMPETITIVENESS
dc.subjectCONSUMER PRICE INDEX
dc.subjectCONTRACT ENFORCEMENT
dc.subjectCOOPERATIVES
dc.subjectCORPORATE GOVERNANCE
dc.subjectCORRUPTION
dc.subjectCREDIT FACILITY
dc.subjectCRIME
dc.subjectCURRENCY
dc.subjectCURRENT ACCOUNT
dc.subjectDEBT
dc.subjectDEBT BURDEN
dc.subjectDEBT MANAGEMENT
dc.subjectDEBT RELIEF
dc.subjectDEFORESTATION
dc.subjectDEPOSITS
dc.subjectDEVELOPED COUNTRIES
dc.subjectDEVELOPMENT ASSISTANCE
dc.subjectDEVELOPMENT BANK
dc.subjectDEVELOPMENT POLICY
dc.subjectDIVERSIFICATION
dc.subjectDIVIDENDS
dc.subjectDONOR SUPPORT
dc.subjectECONOMIC ACTIVITIES
dc.subjectECONOMIC ACTIVITY
dc.subjectECONOMIC ANALYSIS
dc.subjectECONOMIC DEVELOPMENT
dc.subjectECONOMIC DEVELOPMENTS
dc.subjectECONOMIC DIFFICULTY
dc.subjectECONOMIC GROWTH
dc.subjectECONOMIC OPPORTUNITY
dc.subjectECONOMIC PERFORMANCE
dc.subjectECONOMIC SECTORS
dc.subjectECONOMIC SITUATION
dc.subjectECONOMICS
dc.subjectEMISSIONS
dc.subjectENABLING ENVIRONMENT
dc.subjectENERGY CONSUMPTION
dc.subjectENTREPRENEURS
dc.subjectENVIRONMENTAL
dc.subjectEQUILIBRIUM
dc.subjectETHNIC GROUPS
dc.subjectEXCHANGE RATE
dc.subjectEXPENDITURE
dc.subjectEXPLOITATION
dc.subjectEXPORT EARNINGS
dc.subjectEXPORTER
dc.subjectEXPORTERS
dc.subjectEXPORTS
dc.subjectEXTREME POVERTY
dc.subjectFAMILIES
dc.subjectFAMILY INCOMES
dc.subjectFARMER
dc.subjectFARMERS
dc.subjectFINANCIAL CRISIS
dc.subjectFINANCIAL INTERMEDIATION
dc.subjectFINANCIAL MANAGEMENT
dc.subjectFINANCIAL MARKET
dc.subjectFINANCIAL RESOURCES
dc.subjectFINANCIAL SECTOR
dc.subjectFINANCIAL SUPPORT
dc.subjectFINANCIAL SUSTAINABILITY
dc.subjectFINANCIAL SYSTEM
dc.subjectFISCAL BURDEN
dc.subjectFISCAL DEFICIT
dc.subjectFISCAL POLICIES
dc.subjectFISCAL POLICY
dc.subjectFISH
dc.subjectFISHERIES
dc.subjectFISHING
dc.subjectFOREIGN DIRECT INVESTMENT
dc.subjectFOREIGN INVESTMENT
dc.subjectFORESTRY
dc.subjectFREE TRADE
dc.subjectGDP
dc.subjectGDP DEFLATOR
dc.subjectGDP PER CAPITA
dc.subjectGENDER
dc.subjectGENDER EQUALITY
dc.subjectGOVERNANCE REFORM
dc.subjectGOVERNMENT BONDS
dc.subjectGOVERNMENT CAPACITY
dc.subjectGOVERNMENT FINANCES
dc.subjectGOVERNMENT INVESTMENT
dc.subjectGOVERNMENT OWNERSHIP
dc.subjectGOVERNMENT REVENUE
dc.subjectGOVERNMENT SAVINGS
dc.subjectGREEN REVOLUTION
dc.subjectGROSS DOMESTIC PRODUCT
dc.subjectGROSS NATIONAL SAVINGS
dc.subjectGROWTH POTENTIAL
dc.subjectHOLDING
dc.subjectHOUSEHOLD INCOMES
dc.subjectHOUSEHOLDS
dc.subjectHUMAN CAPITAL
dc.subjectHUMAN DEVELOPMENT
dc.subjectHUMAN RESOURCES
dc.subjectINCOME GROWTH
dc.subjectINDUSTRIALIZATION
dc.subjectINFLATION
dc.subjectINFORMAL ECONOMIES
dc.subjectINFRASTRUCTURE INVESTMENT
dc.subjectINSTITUTIONAL REFORM
dc.subjectINSTRUMENT
dc.subjectINSURANCE
dc.subjectINTANGIBLE
dc.subjectINTERNATIONAL DEVELOPMENT
dc.subjectINVESTING
dc.subjectKEY CHALLENGE
dc.subjectLABOR COSTS
dc.subjectLABOR FORCE
dc.subjectLABOR MARKET
dc.subjectLABOR PRODUCTIVITY
dc.subjectLACK OF COLLATERAL
dc.subjectLDCS
dc.subjectLOCAL ECONOMY
dc.subjectLOGGING
dc.subjectLOW INCOME COUNTRIES
dc.subjectMACROECONOMICS
dc.subjectMARKET FAILURES
dc.subjectMARKET PARTICIPANTS
dc.subjectMARKET PRICES
dc.subjectMFI
dc.subjectMICRO-ENTERPRISES
dc.subjectMICRO-FINANCE
dc.subjectMICROFINANCE
dc.subjectMICROFINANCE INSTITUTION
dc.subjectMINES
dc.subjectMOBILE PHONE
dc.subjectMOBILE PHONES
dc.subjectMONETARY FINANCING
dc.subjectMONETARY FUND
dc.subjectMONETARY POLICY
dc.subjectNATIONAL INCOME
dc.subjectNATURAL CAPITAL
dc.subjectNATURAL RESOURCES
dc.subjectNON-PERFORMING LOANS
dc.subjectNONPERFORMING LOANS
dc.subjectNPL
dc.subjectNUTRITION
dc.subjectOIL
dc.subjectOUTREACH
dc.subjectPHYSICAL CAPITAL
dc.subjectPOLITICAL INSTABILITY
dc.subjectPOLITICAL STABILITY
dc.subjectPOPULATION GROWTH
dc.subjectPRIVATE INVESTORS
dc.subjectPRIVATE SECTOR DEVELOPMENT
dc.subjectPRODUCERS
dc.subjectPRODUCTIVITY GROWTH
dc.subjectPUBLIC DEBT
dc.subjectPUBLIC FINANCES
dc.subjectPUBLIC GOOD
dc.subjectPUBLIC INVESTMENT
dc.subjectPUBLIC POLICY
dc.subjectPUBLIC PROCUREMENT
dc.subjectPUBLIC-PRIVATE PARTNERSHIP
dc.subjectPURCHASING POWER
dc.subjectPURCHASING POWER PARITY
dc.subjectREAL EXCHANGE RATE
dc.subjectREAL GDP
dc.subjectREAL WAGES
dc.subjectRECEIPTS
dc.subjectRECESSION
dc.subjectREGULATORY AUTHORITY
dc.subjectREGULATORY FRAMEWORK
dc.subjectREMITTANCES
dc.subjectRENEWABLE RESOURCES
dc.subjectRENT SEEKING
dc.subjectRETURN
dc.subjectRETURNS
dc.subjectRULE OF LAW
dc.subjectSAFETY NET
dc.subjectSETTLEMENT
dc.subjectSHOCKS TO INCOME
dc.subjectSMALL BUSINESSES
dc.subjectSMALL FARMERS
dc.subjectSOURCE OF INCOME
dc.subjectSTOCKS
dc.subjectSUSTAINABLE DEVELOPMENT
dc.subjectSUSTAINABLE MANAGEMENT
dc.subjectTAX
dc.subjectTAX REVENUE
dc.subjectTAX REVENUES
dc.subjectTECHNICAL ASSISTANCE
dc.subjectTELECOMMUNICATIONS
dc.subjectTERMS OF TRADE
dc.subjectTIMBER
dc.subjectTOTAL FACTOR PRODUCTIVITY
dc.subjectTRADING
dc.subjectTRADING BLOCS
dc.subjectTRANSPARENCY
dc.subjectTREASURY
dc.subjectTRUST FUND
dc.subjectUNION
dc.subjectURBAN DEVELOPMENT
dc.subjectVALUE ADDED
dc.subjectVENTURE CAPITAL
dc.subjectVILLAGE
dc.subjectWAGES
dc.subjectWEALTH
dc.subjectWITHDRAWAL
dc.titleGuinea-Bissau Country Economic Memorandum : Terra Ranca! A Fresh Start
dc.titleGuine-Bissau - Memorando economico do pais : Terra ranca! Um novo comeco

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