An overview of the evolution of the macroeconomic situation in Guinea was presented in the first edition of the Guinea Economic Situation Note. The report discusses the importance of agriculture for structural transformation and the protection of the Guinean economy from the effects of climate

Agriculture is a key factor in inclusive growth and a sustainable future. The first part of the Guinea Economic Situation Note highlights Guinea's macroeconomic performance, with a robust growth rate of 7.1% in 2023, boosted by a 22% increase in bauxite production and a 10% increase in gold exports. The second part highlights the crucial importance of agriculture in the Guinean economy, which contributes 27.8% to the national GDP and employs more than half of the population. According to the report, the transformation of subsistence agriculture into one that focuses on productivity is essential to boost competitiveness, climate resilience, and food security.

A en croire Issa Diaw, World Bank Group Resident Representative for Guinea, “this report is a call to action, underlining the urgent need for strategic policies and investments in the agricultural sector to ensure that it becomes a catalyst for economic transformation and promotes growth that is not only inclusive but also harmonious with the environment, ensuring a prosperous future for future generations.”