Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic
Guinea is a country with a rich historical legacy, abundant natural resources, a privileged geographical location - and a rapidly growing population. A successful political transition and the emergence of a vibrant civil society have helped to ensu...
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World Bank, Washington, DC
2018
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| Online Access: | http://documents.worldbank.org/curated/en/830641522072107327/Guinea-Systematic-Country-Diagnostic-overcoming-growth-stagnation-to-reduce-poverty http://hdl.handle.net/10986/29598 |
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okr-10986-295982021-05-25T09:13:14Z Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic World Bank Group POVERTY REDUCTION ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY KNOWLEDGE GAPS STRUCTURAL TRANSFORMATION REFORM PRIORITIES Guinea is a country with a rich historical legacy, abundant natural resources, a privileged geographical location - and a rapidly growing population. A successful political transition and the emergence of a vibrant civil society have helped to ensure ethnic peace and the absence of civil wars in the middle of a rather conflict-ridden region. The country faces severe challenges in translating its assets and opportunities into higher incomes for its citizenry. Economic growth has been too weak and volatile to contribute to poverty reduction on a sustained basis. This systematic country diagnostic (SCD) posits that two critical factors have affected Guinea’s development path since its independence in 1958. First, the country endured two long-lived authoritarian regimes and political instability before the inception of democracy in 2010. Such a legacy of attendant poor economic governance led to mismanagement of natural resources, institutional fragmentation of the government, a weak social contract and rule of law, and low and ineffective public investment. Second, the structure of the economy remains dependent on the primary sectors - agriculture and mining - lacking diversification in its sources of growth. 2018-04-02T21:26:39Z 2018-04-02T21:26:39Z 2018-03-16 Report http://documents.worldbank.org/curated/en/830641522072107327/Guinea-Systematic-Country-Diagnostic-overcoming-growth-stagnation-to-reduce-poverty http://hdl.handle.net/10986/29598 English CC BY 3.0 IGO http://creativecommons.org/licenses/by/3.0/igo World Bank World Bank, Washington, DC Systematic Country Diagnostic Africa Guinea |
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Digital Repository |
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Foreign Institution |
| institution |
Digital Repositories |
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World Bank Open Knowledge Repository |
| collection |
World Bank |
| language |
English |
| topic |
POVERTY REDUCTION ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY KNOWLEDGE GAPS STRUCTURAL TRANSFORMATION REFORM PRIORITIES |
| spellingShingle |
POVERTY REDUCTION ECONOMIC GROWTH CONSTRAINTS SHARED PROSPERITY KNOWLEDGE GAPS STRUCTURAL TRANSFORMATION REFORM PRIORITIES World Bank Group Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
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Africa Guinea |
| description |
Guinea is a country with a rich
historical legacy, abundant natural resources, a privileged
geographical location - and a rapidly growing population. A
successful political transition and the emergence of a
vibrant civil society have helped to ensure ethnic peace and
the absence of civil wars in the middle of a rather
conflict-ridden region. The country faces severe challenges
in translating its assets and opportunities into higher
incomes for its citizenry. Economic growth has been too weak
and volatile to contribute to poverty reduction on a
sustained basis. This systematic country diagnostic (SCD)
posits that two critical factors have affected Guinea’s
development path since its independence in 1958. First, the
country endured two long-lived authoritarian regimes and
political instability before the inception of democracy in
2010. Such a legacy of attendant poor economic governance
led to mismanagement of natural resources, institutional
fragmentation of the government, a weak social contract and
rule of law, and low and ineffective public investment.
Second, the structure of the economy remains dependent on
the primary sectors - agriculture and mining - lacking
diversification in its sources of growth. |
| format |
Report |
| author |
World Bank Group |
| author_facet |
World Bank Group |
| author_sort |
World Bank Group |
| title |
Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
| title_short |
Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
| title_full |
Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
| title_fullStr |
Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
| title_full_unstemmed |
Republic of Guinea Overcoming Growth Stagnation to Reduce Poverty : Systematic Country Diagnostic |
| title_sort |
republic of guinea overcoming growth stagnation to reduce poverty : systematic country diagnostic |
| publisher |
World Bank, Washington, DC |
| publishDate |
2018 |
| url |
http://documents.worldbank.org/curated/en/830641522072107327/Guinea-Systematic-Country-Diagnostic-overcoming-growth-stagnation-to-reduce-poverty http://hdl.handle.net/10986/29598 |
| _version_ |
1764469774313586688 |