Guinea - Economic trends and prospects (Vol. 1 of 2) : Main report

RESTRICTED FiLE CIPY AF63 Vol. 1 This report was prepared for use within the Bank and its affiliated organizations. They do not accept responsibility for.its accuracy or completeness. The report may not be published nor may it be quoted as representing their views. INTERNATIONAL BANK FOR RECONSTRUCTION AND DEVELOPMENT INTERNATIONAL DEVELOPMENT ASSOCIATION ECONOMIC TRENDS AND PROSPECTS IN THE REPUBLIC OF GUINEA (in two volumes) VOLUME I THE MAIN REPORT September 1, 1967 Africa Department  CURRENCY EQUIVALENTS $ U.S. 1 = G. F. 246.853 s. F. 1 = $ U. S. 0. 00405 . 7. F. 1 billion = $ U. S. 4. 05 million  This report is based on the findings of a mission to the Republic of Guinea in November/December 1966, supplemented by certain later data which were avail- able in Washington at the time of writing in the spring of 1967. As regards the assumptions underlying the evaluation of the economic impact of the Boke project, it should be noted in particular that they have been subject to a process of considerable later revision. The assignments on the mission were as follows: George Kalmanoff - Chief (IBRD) Alexander Nowicki - General Economist (IIERD) Anthony Churchill - Fiscal Economist (IERD) Joseph Pegues - Monetary Economist (ET) Claude Bourgin - Agronomist (IERD) Alain Warnod - Agricultural Economist (FAO) 'lichael Payson - Industrial Economist (Consultant) K. Philip Rahbany - Transport Economist (Consultant) Doreen Hedley - External Debt Specialist (IBRD) Marie Claude Helman - Secretary (IERD)  TABLE OF CONTENTS VOLU71E I - THE IAIN REPORT Page No. BhSIC DATA ,.......... SUIMJIARY AND CONCLUSIONS *.*.*.... ****........ i - vii IL Economic and Political Structure . 1 Lmnd and People . . . . . . a . . . . . . a a . . . . . a...0. 1 Political Background . ...................... . . . 2 Economic Structure and Organization ............ 3 II. Planning, Public Investment, and Growth ......... 4 Public Investment ... ............ ..... * 9 5 Financing of Investment ....................... 7 Crrowth e**^e*@*vh*