The Bank\u2019s Country Manager in Guinea, L\u00e9andre Bassol\u00e9 and the Guinean Minister of the Economy and Finance, Moussa Ciss\u00e9, signed the agreement in Conakry<\/p>\n
The African Development Bank Group (www.AfDB.org) signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West African country.<\/p>\n
The Bank\u2019s Country Manager in Guinea, L\u00e9andre Bassol\u00e9 and the Guinean Minister of the Economy and Finance, Moussa Ciss\u00e9, signed the agreement in Conakry on 3 August 2023. The Minister of Planning and International Cooperation, Rose Pola Pricemou and the Minister of Agriculture and Livestock Farming, Mamoudou Nagnalen Barry, attended.<\/p>\n
The Project to Support Agropastoral Development, Digitization and Market Access in Guinea was approved on 14 July 2023 by the Bank Group\u2019s Board of Directors. It aims to improve the contribution of agriculture to Guinea\u2019s economic development while ensuring food and nutritional security for rural households and enhancing their incomes, financial inclusion, and resilience to climate change.<\/p>\n
Specifically, the project promotes the production of maize and soya for processing into poultry and livestock feed, and the development of processing and marketing infrastructure for the two target sectors, including grazing facilities. It will help strengthen resilience to climate change among agricultural producers and livestock farmers, support women\u2019s empowerment and reduce vulnerabilities and inequalities between men and women in agriculture.<\/p>\n
Mr Ciss\u00e9 highlighted the project’s innovative nature, particularly in digitization and financial inclusion, saying it will guarantee better access to information and a more secure income for producers. He urged the key actors involved, including the project management unit, to act diligently and show dexterity in implementing the project. <\/p>\n
He expressed the government\u2019s appreciation to the Bank for its support for development efforts in Guinea. \u201cWe are delighted with the quality of our cooperation and the impact the project will have on the people of Guinea, not only through improving food and nutritional security but also the incomes of agricultural producers and livestock farmers,\u201d said Minister Ciss\u00e9, who is also the Bank\u2019s Country Governor.<\/p>\n
Bassol\u00e9 expressed his delight with the project\u2019s expected impact on the livelihoods in Guinea and urged officials involved in its implementation to use the resources mobilized judiciously. He also thanked the Guinean government\u2019s cooperation with the Bank, particularly during the preparatory stages of the project. <\/p>\n","protected":false},"excerpt":{"rendered":"
The Bank\u2019s Country Manager in Guinea, L\u00e9andre Bassol\u00e9 and the Guinean Minister of the Economy and Finance, Moussa Ciss\u00e9, signed the agreement in Conakry The African Development Bank Group (www.AfDB.org) signed an agreement with the transitional government in Guinea for a $28 million loan to support agropastoral development, digitization and market access in the West\u2026<\/p>\n","protected":false},"author":2,"featured_media":16196,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"_scj_primary_category_id":72,"_scj_featured":false,"_scj_featured_from":"","_scj_featured_until":"","_scj_featured_order":0,"_scj_visibility_class":"current","_scj_layout_family":"standard","_scj_article_style":"","_scj_display_overrides":[],"_scj_intro_image_id":16196,"_scj_intro_alt":"Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and market access","_scj_intro_caption":"","_scj_intro_class":"","_scj_intro_float":"","_scj_full_image_id":16196,"_scj_full_alt":"Guinea: Transitional government and African Development Bank Group sign $28 million loan agreement for agropastoral development, digitization and market access","_scj_full_caption":"","_scj_full_class":"","_scj_full_float":"","_scj_media_type":"","_scj_media_provider":"","_scj_media_external_id":"","_scj_media_url":"","_scj_media_poster_id":0,"_scj_media_width":0,"_scj_media_height":0,"_scj_media_aspect_ratio":"","_scj_media_description":"","_scj_gallery_items":[],"_scj_related_post_ids":[],"_scj_additional_authors":[],"scj_layout_family":"standard","scj_media_provider":"","scj_media_url":"","scj_full_caption":"","footnotes":""},"categories":[72],"tags":[],"class_list":["post-16197","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-agrosmart"],"yoast_head":"\n