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Guinea

AfDB and Guinea

Cooperation between the African Development Bank (AfDB) and Guinea dates back to 1974. As of October 2011, the Bank Group had financed 77 operations (58 projects, nine studies, seven institutional support operations and three non-project loans) valued at approximately US $818 million. Bank-funded projects are primarily in the areas of infrastructure/energy, agriculture, the social sector and multi-sector.

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Guinea Economic Outlook

  • The Ebola epidemic ended in December 2015, but left the country in a state of devastation, with near-zero growth, a budget deficit of more than 7% of GDP and major constraints on its capacity to accelerate essential reforms to relaunch development and transform the economy structurally.
  • Progress has been slow to materialise in the social sectors, with poverty on the increase, made worse by the negative impact of Ebola on income-generating activities and by spending on presidential elections.
  • Rapid, poorly controlled urbanisation is adding to social pressures, and implementation of the national housing policy (Vision Habitat 2021) is a national priority that should place young people at the centre of challenges and issues that lie ahead.

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Key Facts

Flag:
Capital: Conakry
Area: 245,857 sq km
Total Population 2015: 11.8 Million
Urban Population 2015: 36.39%
Female Population 2015: 49.92%
GDP: US$ 6.6 Billion
GNI Per Capita 2015: US$ 440
Inflation Rate: 11.92%
Crude Birth Rate (per 1000): 36.92%
Human Development Index (rank / 187): 178
Human Development Index (scale 0 to 1): 0.355
Membership Date: 10/09/1964
Cumulative Approvals (1967-2015): UA 804.0 Million

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Contacts

Bureau de Liaison de la Guinée

BAD/PARCGEF
Immeuble « Air France » Ex Fria Base, 7ème Etage
Quartier Almamya, Kaloum
Conakry, Guinée

Tél : (+224) 669279031 / (+224) 620202073

M. Olivier Manlan, Economiste Pays Résident

Department West Africa Region

Mr. Franck Perrault, Director West Africa Region

African Development Bank Group
24ème  Etage, Immeuble  CCIA, Plateau
01 Boite Postale 1387 Abidjan 01
Côte d’Ivoire

Phone: (+225) 20 20 40 46