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Guinea - National recovery program : medium-term development prospects 1987-1991 (English)

Despite its considerable and varied assets, Guinea is one of the world's least advanced countries. In September 1985, the Government launched its Economic and Financial Recovery Program (PREF). This 30 month program had two aims : bringing the financial situation under control; and laying the foundation for a radical change in the operating rules of the economy. At the same time, the Government prepared a medium-term development strategy with the aim of encouraging the development of private enterprise and the disengagement of the State from the productive system. This medium-term development strategy revolves around two major goals : 1) provision for the population's basic needs : i) achieving food security; ii) provision of more efficient public services, e.g. public health, education, sanitation, water supply, and electric power; iii) job creation; and iv) improved housing; and 2) progressive and structural reestablishment of the major macroeconomic and financial equilibria affecting the nation: a) reduction of the relative importance of bauxite and alumina in Government revenue; b) use of tax reforms to diversify and broaden the tax base; c) use of concessional financing to control the level of indebtedness; d) improve management of public funds; and e) establishment of mechanisms for providing municipalities with significant amounts of resources.


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    Pre-2003 Economic or Sector Report

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    Guinea - National recovery program : medium-term development prospects 1987-1991

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    Primary and Secondary Education;Petites et Moyennes Entreprises;balance of payment;water distribution;financial equilibria;Vocational Training;Economic Policy;system of production;Employment in Urban Areas;supply of raw material;small and medium enterprise;Small and Medium Scale Enterprise;small and medium-scale enterprise;economic and social policy;Economic and Financial Management;small and medium size enterprise;demand for consumer good;per capita growth rate;gross fixed capital formation;Exchange Rates;Rural Sector;pricing policy;medium-term development;agriculture and livestock;water and electricity;standard of living;external technical assistance;source of revenue;Mining;productive activity;rediscount rate;financial situation;guinean franc;economic recovery;family farm;manufacturing sector;urban population;foreign exchange;government service;conditions of application;government's development strategy;public investment program;rolling investment program;electric power supply;increase in consumption;human resource development;repair and maintenance;allocation of resource;electric power output;vocational training system;weights and measure;categories of taxes;growth and development;policy on education;structure of production;analysis of trends;gross export earnings;evaluation of asset;foreign exchange purchase;abundant fish stocks;lines of credit;direct state control;breakdown of expenditures;process of negotiation;amount of investment;direct technical assistance;volume of transaction;improvement in capital;external debt burden;Public Sector Enterprises;customs tariff;Commercial Law;debt service;work force;external assistance;private enterprise;foreign trade;banking system;Public Services;government revenue;producer price;legal framework;external trade;food intake;financing need;financial measure;rural area;demographic trend;Social Welfare;urban development;public expenditure;price adjustment;basic food;national economy;export trade;government budget;educational service;indirect taxation;essential needs;tax structure;infrastructure support;mining revenue;recovery effort;International Trade;external financing;productive system;private initiative;state tax;loan accounting;disposable income;saving rate;inflation rate;Postal Services;large enterprise;bilateral agreement;institution building;harmful effect;external capital;average cost;consumption need;project identification;driving force;agricultural sector;production capacity;infrastructure rehabilitation;production area;earth road;commercial borrowing;concessional lending;currency adjustment;financial community;total consumption;increased export;price structure;financial obstacle;increased investment;economic efficiency;management method;household consumption;government activity;pricing system;financial constraint;foreign investor;absorptive capacity;advanced training;medium-term planning;arab countries;term deposits;livestock holding;competitive sector;operational constraints;population census;rural population;public monopoly;total debt;informal sector;production system;socialist system;regulatory measure;Population Growth;private monopoly;psychological consequences;special arrangement;early retirement;financial incentive;voluntary departure;illegal practice;institutional channel;state bank;foreign partner;private bank;provincial city;state enterprises;commercial dispute;industrial sector;radical reform;privatization commission;legislative approach;monetary authority;credit policy;Credit policies;secured lender;lending rate;preferential rate;preferential terms;agricultural enterprise;systematic analysis;aid agency;international partners;fertile land;territorial water;advanced country;life expectancy;food ration;calorie requirement;agricultural production;invisible transaction;monetary discipline;import procedure;monetary reform;capital good;consumer goods;domestic price;real cost;foreign capital;short period;accounting plan;Technical Training;bear witness;financial system



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Guinea - National recovery program : medium-term development prospects 1987-1991 (English). Washington, D.C. : World Bank Group.