This is the first annual edition of Guinea Economic Update. This annual report presents an overview of Guinea’s evolving macroeconomic position, followed by a detailed exploration of a specific topic. The first chapter of this first edition presents recent economic developments, macroeconomic outlook and risks. The second chapter discusses the importance of agriculture for structural transformation and climate proofing guinea’s economy. It also includes measures that could help the Guinean Government foster agriculture growth that has increased productivity, is more inclusive, is more resilient to climate change risks, while also contributing less to climate change.
Authors
- Citation
- “ World Bank . 2024 . Guinea Economic Update: Natural Resource Management for Development . © Washington, DC: World Bank . http://hdl.handle.net/10986/42173 License: CC BY-NC 3.0 IGO . ”
- Collection(s)
- Economic Updates and Modeling French PDFs Available
- Identifier externaldocumentum
- 34392792
- Identifier internaldocumentum
- 34392792
- Pages
- 46
- Published in
- United States of America
- Region country
- Guinea
- Report
- 193606
- Rights
- CC BY-NC 3.0 IGO
- Rights Holder
- World Bank
- Rights URI
- https://creativecommons.org/licenses/by-nc/3.0/igo
- UNIT
- EFI-AFR2-MTI-MacroFiscal-1 (EAWM1)
- URI
- https://hdl.handle.net/10986/42173
- date disclosure
- 2024-09-19
- region administrative
- Western and Central Africa
Files
Table of Contents
- Table of Contents 5
- Abbreviations and Acronyms viii 5
- Acknowledgements ix 5
- Executive Summary 1 5
- CHAPTER I. Macroeconomic and Poverty Developments and Outlook 6 5
- CHAPTER II. The Importance of Agriculture for Structural Transformation and Climate Proofing Guineas Economy 23 5
- REFERENCES 33 5
- List of Figures 6
- List of Tables 7
- List of boxes 7
- Abbreviations and Acronyms 8
- Acknowledgements 9
- EXECUTIVE SUMMARY ES. 11
- MACROECONOMIC AND POVERTY DEVELOPMENTS AND OUTLOOK 16
- 1.1. Guinea has shown resilience in the face of multiple crises helped by a mining boom presenting its own macroeconomic challenges. 16
- Chapter I. 16
- 1.2. Fiscal management has delivered low deficits yet resource mobilization and management in mining remain a challenge. 23
- 1.3. External sector and exchange rate management lead to stable currency lower inflation but also appreciation of the real effective exchange rate. 27
- 1.4. The outlook for Guinea is overall positive but clouded by ongoing Dutch-disease dynamics and possible delays to the transition and reforms 28
- THE IMPORTANCE OF AGRICULTURE FOR STRUCTURAL TRANSFORMATION AND CLIMATE PROOFING GUINEAS ECONOMY 33
- 2.1. Natural resource management is central to guineas long-term development 33
- Chapter II. 33
- 2.2. Agriculture is central for addressing climate risks and inclusive growth 35
- 2.3. The national climate action plan provides a first framework to prioritize but key questions on financing remain open 40
- 2.4. Towards sustainable management of natural resources conclusions and directions 41
- References 43