Investment climate in Guinea

investors. This paper, after reviewing the economic legacy left by the Toure regime (which ruled Guinea for 26 years, until March 1984), describes the four major economic strategies of President Conte: (1) disengagement (nearly all state enterprises have been closed and those that remain manage public infrastructure); (2) public investment (which is funded almost entirely by international donors and focuses on infrastructure reconstruction and expansion, agricultural development, and strengthening of the social services base); (3) administrative reform (involving decentralization and a streamlining and upgrading of the civil service); and (4) economic reform (introduction of a new currency and a weekly foreign exchange auction, trade liberalization initiatives, and improvements in economic management). Also provided are overviews of laws and procedures governing or affecting foreign investment in Guinea (including the country"s new Investment Code, which guarantees certain investor rights and establishes special incentives). A final section describes specific opportunities for U.S. investment in natural resource-based and market-based enterprises and discusses the availability of financing.