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2012-2016 - Guinea - Country Strategy Paper

02-Mar-2012

On the political front, the transition following the death of President Condé in 2008 was difficult. The country experienced a serious political crisis that ended with the 2010 elections. The holding of legislative elections, originally slated for end 2011, should mark the end of the transition. On the economic front, the new authorities inherited a difficult situation. Economic performance between 2009 and 2010 fell short of the PRSP II (2007-2010) objectives and the sub-regional average because of bad public finance management. However, the medium- to long-term outlook is positive. On the social front, the country has experienced a significant increase in poverty and there is little likelihood of achieving the MDGs as planned. The largely informal private sector remains constrained by one of the world’s least conducive business environments.

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