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Economic Growth

Chili peppers
New farming techniques are increasing agricultural production and trade in Guinea.
OIC/USAID

 

USAID priorities for Guinea include: improving governance, increasing accountability, expanding transparency, and promoting economic development.

Guinea ranks in the bottom five countries in the world according to the World Bank’s Ease of Doing Business Index, and one of the main constraints is access to credit.  USAID’s Development Credit Authority will provide a 50% guarantee on loans issued to traditionally underserved populations, such as small and medium enterprises, microfinance institutions and farmers.  Another program supports microenterprises and village savings and loan banks, with a focus on raising the living standards of women and ensuring food security in Guinea. USAID also provides financial and business development training and other skills to entrepreneurs predominantly in agriculture-related activities.

Since the change of government in December 2010, Guinea has made dramatic improvements in macroeconomic governance and public financial management in order to begin to finance its own infrastructure and public services in years to come. USAID is currently supporting these important efforts by collaborating with the US Treasury to provide internal debt issuance and management advisory services to the Government of Guinea.

USAID is engaged in several other areas contributing to economic growth and opportunity. The Innovation Unit is actively seeking public-private partnerships to support locally-designed projects that focus on building capacity at the government, community and NGO levels, and on piloting workforce development and training programs for women and youth.

New activities will support agricultural higher education and provide research assistance, incorporating climate change and environmental concerns. 

Last updated: October 01, 2013

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