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International Monetary Fund
This paper presents key findings of the Annual Progress Report (APR) on the Poverty Reduction Strategy Paper (PRSP) for Guinea. Conditions for implementing the Poverty Reduction Strategy were particularly difficult in 2004, and were marked by: persistent insecurity in the subregion; low levels of investment in priority sectors; and falling prices for mining output, in particular for bauxite, the country's main export. The outcomes achieved during fiscal year 2004 are a reflection of this constraining environment. Under the circumstances, no progress was made in reconciling the central government budget with the PRSP objectives.
International Monetary Fund

were difficult to achieve given the constraints that Mali is facing (as indicated below). The crisis in Cote d’Ivoire also had a negative impact on growth over 2002-03, although the re-opening of the road link to Abidjan and improved transportation connections to other regional ports should support export growth in the period ahead. Taking into account the agreed projections for the period 2004-06, average growth for the entire period 2002-06 would be about 5.5 percent, about one percentage point below the initial PRSP objective. 8. The staffs agree with the