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International Monetary Fund. African Dept.

copy International Monetary Fund Washington, D.C . © 2021 International Monetary Fund Title page GUINEA SELECTED ISSUES June 3, 2021 Approved By Catherine Pattillo Prepared by Tewodaj Mogues (FAD) Contents MOBILIZING MINING REVENUE IN GUINEA A. Mining Revenues in Guinea: An Overview B. Mining Revenues and the Fiscal Regime C. Potential Gains in Mining Revenue, and Policy Options D. Conclusions FIGURES 1. The Role of Guinea’s Mining in its Economy and the World 2. Long-Term and Recent Trends in Guinea’s Mining

International Monetary Fund. African Dept.

Mobilizing Mining Revenue in Guinea 1 A. Mining Revenues in Guinea: An Overview The mining sector in Guinea 1. Mining constitutes 90 percent of Guinea’s total exports and 22 percent of its GDP, and the potential for growth is enormous . Guinea is the largest bauxite exporter in the world and the third-largest producer after Australia and China ( Figure 1 ). Bauxite represented about 63 percent of the total mineral production in 2019, with the two largest mining companies— Société Minière de Boké (SMB) and Compagnie des Bauxites de Guinée (CBG

International Monetary Fund. African Dept.

met) 28 . The government also plans to undertake other reforms that could have been structural benchmarks. For example, the Directorate of the Treasury plans to undertake a mining revenues diagnostic study to better define all opportunities for its share of collection of mining revenues and to improve revenue forecasting. Since used vehicles represent a large share of imports, the Directorate of Customs plans to purchase and configure software to improve their valuation and overall revenue collection. Finally, the government is working with development

International Monetary Fund. African Dept.
This paper discusses Burkina Faso’s Sixth Review Under the Three-Year Arrangement under the Extended Credit Facility and Requests for Extension of the Arrangement, Modification of Continuous Performance Criterion, and Rephasing of Disbursement. Domestic revenue collection over performed by a significant margin in 2012, and program performance remains good. In 2012, domestic revenues were higher than targeted by 1.7 percentage points of revised GDP. Lower financing needs resulted in government savings in the banking system. The authorities are prioritizing improvements in public investment planning, spending capacity to meet infrastructure, and training needs that constrain growth.