Brazil donates US$1 million to Guinea Bissau to boost state budget

7 December 2005

Brasilia, Brazil, 07 Dec – The Brazilian government is to donate US$1 million to Guinea Bissau to boost the West African country’s State Budget and support the reform of the armed forces and security in the country, the director for the Africa department of Brazil’s Foreign Relations Ministry, Fernando Magalhães Pimenta, said Tuesday.

The announcement was made after a meeting with Guinea Bissau Prime Minister Aristides Gomes, who highlighted the role of Guinea’s partners in developing the country saying that the balance of public finances was “one of the main problems” affecting the country’s stability.

Pimenta stated Brazil’s wish to help stabilize the situation in Guinea Bissau and mentioned the “exemplary way” in which the political transition process was carried out. This process was concluded in June with the holding of presidential elections in the country.

Brazil would also support Guinea Bissau in the areas of Education, Health and Agriculture, among others, Pimenta said.

In 2004 the Brazilian government donated US$1 million to Guinea to be included in the so-called Emergency Fund for Economic management of Guinea Bissau.

This fund, which is managed by the United Nations Development Program, was part of the international support provided to Guinea Bissau by several countries in order for the country to overcome its economic crisis and allowing it to pay the salaries of public workers fro at least a year.(macauhub)