Guinea-Bissau’s public debt remained high in 2022, representing 81% of Gross Domestic Product (GDP), says a World Bank report with new economic data released today in Bissau.
“Debt remained high at 81% of GDP in 2022, from 78.9% in 2021, with the composition of external debt remaining stable at 41.2% of GDP,” the document reads.
The report notes that public debt “is expected to remain at high levels in 2023, at 78.2% of GDP, and to decline to 75.4% of GDP in 2024.”
“Despite projected economic growth, financing needs will remain high over the . . .