The partnership between Guinea and the World Bank Group has entered an expanded strategic phase following high-level bilateral talks in Conakry between President Mamadi Doumbouya and the World Bank Vice President for West and Central Africa, Ousmane Diagana.
Received at the Mohammed V Palace alongside a senior institutional delegation, Diagana reaffirmed the international financial institution’s long-term commitment to backing Guinea’s macroeconomic stabilization programs and accelerating national structural reforms through more than $3 billion in combined financial commitments.
The presidential meeting followed the official launch of the new 2027–2033 Country Partnership Framework (CPF), which outlines $2.1 billion in direct World Bank funding over seven years, complemented by nearly $1 billion in mobilized private sector financing and risk guarantees through the International Finance Corporation (IFC) and the Multilateral Investment Guarantee Agency (MIGA). Minister of Economy, Finance and Budget Mariama Ciré Sylla introduced the delegation and noted that the multi-billion-dollar framework directly supports the government’s flagship “Simandou 2040” development vision. Priority allocations will target agricultural modernization, skills training, domestic revenue mobilization, public expenditure efficiency, and electrical grid expansion, aiming to catalyze private enterprise and generate sustainable employment across the national economy.
TE/Sf/lb/abj/APA