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Economic Resilience: World Bank Announces $520 Million in Support for Guinea

01/09/2022
Categories: Economy/Forex

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The World Bank will disburse $520 million to support the Guinean government as it multiplies its efforts to strengthen its economic resilience.

Guinea will benefit from 520 million dollars from the World Bank to strengthen its economy. This disbursement from allocations from the International Development Association (IDA) global funds consists of 27% in loans and 73% in grants, and is allocated to the country for three years. It will support the reforms initiated by the government and the efforts made to manage public finances and to stabilize the macroeconomic framework.

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