The Guinean government has launched its sixth bond issuance, seeking 2500 billion GNF to finance key infrastructure projects. The launch event took place on September 25 in Conakry, where Minister of Infrastructure Facinet Sylla addressed the banking and financial ecosystem. He emphasized the country's economic vision and priority needs, urging subscribers to direct resources towards developing the road network and major infrastructure.
Minister Sylla paid tribute to Minister of Economy, Finance, and Budget Mariama Ciré Sylla, who organized the operation to concretize President Mamadi Doumbouya's vision of relying on domestic resources while seeking external support. Sylla highlighted her achievements, including securing a program with the International Monetary Fund (IMF), which demonstrates the government's effective economic and monetary policies.
The Minister of Infrastructure assured subscribers of the credibility of Guinea's macroeconomic and monetary framework, expressing confidence that the Guinean franc will appreciate in value over time. He stated that investors can trust the government's bond issuance, as it reflects the country's commitment to economic development. This confidence is crucial in attracting investments to support Guinea's infrastructure growth.
President Doumbouya's vision prioritizes infrastructure development, and Minister Sylla recalled the President's instructions to focus on this area. The Minister emphasized that future campaign efforts will be built around the quality of Guinea's infrastructure. To achieve this, he urged subscribers to prioritize energy and road projects, highlighting the challenges faced during recent attempts to access Conakry.
The difficulties in accessing Conakry were evident during the previous weekend, when many travelers were stranded due to roadblocks. Minister Sylla announced plans to launch an international tender for a 107 km bypass road between Forécariah and Kindia, which will provide an alternative route in case of emergencies on the RN1 highway. This strategic project aims to ensure smoother transportation and communication.
Additionally, Minister Sylla revealed plans for a modern 170 km highway connecting Coyah to Mamou, which will reduce travel time between Mamou and Conakry to just two hours. He invited banks to support companies participating in these projects, reaffirming the crucial role of transportation in driving economic growth. The Minister emphasized that energy and road projects are essential for progress in other sectors.
In conclusion, Minister Sylla urged subscribers to prioritize energy and road projects, stressing that these investments will have a multiplier effect on the economy. He expressed his gratitude to the banking and financial ecosystem for their support and encouraged them to work together to drive Guinea's infrastructure development.
Key points
- The Guinean government seeks 2500 billion GNF through its sixth bond issuance to finance key infrastructure projects.
- Minister of Infrastructure Facinet Sylla urges subscribers to prioritize energy and road projects.
- The government aims to develop Guinea's road network and major infrastructure to drive economic growth.
