West Africa’s most vibrant economy benefits from an increase in international budgetary support, a strong track record of implementing reforms, and improved prospects in key industries, such as mining and oil and gas.
Guinea’s transitional government has proven to be resilient and politically capable since the military intervention in 2021. Regional body ECOWAS has agreed a timeline for a transition to return to civilian rule that kicked off in early 2023.
Financial support will be crucially important as the government keeps costly subsidies for power and fuel in place. The government is seeking new sources of revenues through international bonds issuance and hydrocarbons to fund a range of new subsidies and higher state spending.