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One of the poorest countries in the world, Guinea-Bissau's legal economy depends mainly on farming and fishing, but trafficking in narcotics is probably the most lucrative trade. The combination of limited economic prospects, a weak and faction-ridden government, and favorable geography have made this West African country a way station for drugs bound for Europe. Cashew crops have increased remarkably in recent years; low rainfall hindered cereals and other crops in 2011. Guinea-Bissau exports fish and seafood along with small amounts of peanuts, palm kernels, and timber.
 
Rice is the major crop and staple food. However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery in 1999-2002. In December 2003, the World Bank, IMF, and UNDP were forced to step in to provide emergency budgetary support in the amount of $107 million for 2004, representing over 80% of the total national budget. The government is successfully implementing a three-year $33 million extended credit arrangement with the IMF that runs through 2012. In December 2010 the World Bank and IMF announced support for $1.2 billion worth of debt relief. Guinea-Bissau made progress with debt relief in 2011 when members of the Paris Club opted to write-off much of the country's obligations.
 
Agriculture - products: rice, corn, beans, cassava (manioc), cashew nuts, peanuts, palm kernels, cotton; timber; fish
Industries: agricultural products processing, beer, soft drinks/div>
Exports - commodities: fish, shrimp; cashew nuts, peanuts, palm kernels, sawn lumber
Exports - partners: India 56%, Nigeria 28.4%, Togo 6.6% (2012)
Imports - commodities: foodstuffs, machinery and transport equipment, petroleum products
Imports - partners: Portugal 27.8%, Senegal 16.8%, US 7.1%, China 4.8%, Cuba 4.2% (2012)
 
 
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