World Bank Vice President for West and Central Africa, Ousmane Diagana, recently visited Guinea, where he launched a new Country Partnership Framework (CPF) between the World Bank and Guinea. The CPF aims to support job creation, strengthen economic governance, develop human capital and essential infrastructure, and encourage private investment, aligning with Guinea's national vision, Simandou 2040. This framework will guide the World Bank's interventions in Guinea over the coming years.
Diagana expressed his delight in returning to Guinea after over two years, noting the country's commitment to bold structural reforms and the positive results achieved, particularly in the economic sector. He emphasized the significance of the CPF in enhancing the partnership between the World Bank and Guinea. The new framework will serve as a reference for economic dialogue between the two parties.
During his visit, Diagana met with Guinean authorities and praised the country's stability on social and economic fronts. He commended the efforts made by the government and the population, reaffirming the World Bank's commitment to supporting Guinea in consolidating its recent achievements. The World Bank Vice President highlighted the importance of continued collaboration to drive sustainable development.
Diagana was impressed by the rapid progress observed in Morebaya, a region he visited during his trip. He noted that the developments in just three years demonstrate what can be achieved with a clear political vision. The World Bank is keen to support Guinea in sustaining and accelerating its growth momentum.
The new CPF is designed to address Guinea's key development challenges and priorities. It focuses on creating jobs, improving economic governance, and investing in human capital and infrastructure. The World Bank's support will be crucial in helping Guinea achieve its development goals and improve the living standards of its citizens.
Diagana's visit and the launch of the CPF underscore the World Bank's commitment to Guinea's development. The partnership aims to leverage the country's potential and address its development needs. By working together, the World Bank and Guinea can make significant strides in promoting economic growth and reducing poverty.
The World Bank's engagement in Guinea reflects its broader strategy to support economic development and poverty reduction in West and Central Africa. The CPF is a key component of this strategy, and its implementation will be closely monitored to ensure that it achieves its intended objectives and contributes to Guinea's long-term development.
Key points
- The World Bank has launched a new Country Partnership Framework with Guinea to support the country's development priorities.
- The framework focuses on job creation, economic governance, human capital, and infrastructure development.
- World Bank Vice President Ousmane Diagana praised Guinea's progress and reaffirmed the institution's commitment to supporting the country's growth.
