Publication: Guinea Economic Update: Natural Resource Management for Development
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2024-09-19
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2024-09-19
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This is the first annual edition of Guinea Economic Update. This annual report presents an overview of Guinea’s evolving macroeconomic position, followed by a detailed exploration of a specific topic. The first chapter of this first edition presents recent economic developments, macroeconomic outlook and risks. The second chapter discusses the importance of agriculture for structural transformation and climate proofing Guinea’s economy. It also includes measures that could help the Guinean Government foster agriculture growth that has increased productivity, is more inclusive, is more resilient to climate change risks, while also contributing less to climate change. Policy actions that could help the Guinean authorities foster agriculture growth that is inclusive, more resilient to climate change risks, while also contributing less to climate change include: prioritize policy reforms and investments in the most vulnerable sectors; rethink agricultural input subsidies (mainly water and fertilizer use) to support the adoption of climate-resilient agricultural production practices and approaches to reduce post-harvest losses; rehabilitate and upgrade and make irrigation infrastructure; invest in water mobilization infrastructure; establish mechanisms to facilitate transforming agriculture and food systems from subsistence to market oriented; invest in sustainable forestry practices, such as reforestation and afforestation; and upgrade road and power assets to climate-resilient design standards.
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“World Bank. 2024. Guinea Economic Update: Natural Resource Management for Development. © World Bank. http://hdl.handle.net/10986/42173 License: CC BY-NC 3.0 IGO.”
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