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2007 AEC - External Debt and Financing of Economic Development in Guinea


After fifty years of independence and notwithstanding several decades of official development assistance programmes, Guinea’s economic performance remains mixed and far from satisfactory. The country is now in a very precarious economic and financial situation. All macroeconomic indicators are below acceptable standards: Uncontrollable inflation, steady currency depreciation, deterioration of the terms of trade, high level of corruption, etc. Socially, poverty is deepening, with more than 52 percent of the Guinean population living below the poverty line

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