Round table for Guinea Bissau’s donors held on November 7 and 8 in Geneva

12 July 2006

Bissau, Guinea Bissau, 12 July – The round table meeting on Guinea Bissau, at which the country expects to garner some US$600 million, is scheduled to take place on November 7 and 8 in Geneva, Switzerland, Guinea’s prime minister said Tuesday.

The meeting, which has been delayed many times since it was decided in 2003, is seen as a “last resort” for collecting additional funds for re-launching Guinea Bissau’s economy and development, as Prime Minister Aristides Gomes pointed out.

The Guinean prime minister announced the date for the round table during a seminar held in Bissau to validate the Document for a National Strategy to Reduce Poverty (Denarp).

By November, Gomes said, the country would have all the necessary documents to present to donors, including Denarp, a document which brings together four actions to fight poverty which in certain cases is considered extreme in Guinea Bissau and the document for organization of the reform program for the Defense and Security services.

Denarp will cost US$400 million, while the Defense and Security program is expected to cost US$200 million.

In 2004, the Bissau government adopted Denarp as a guiding model for all actions to fight or reduce poverty in the country.

According to a source from the Guinean Economy Ministry, which controls the sector for planning and coordination of foreign aid, since 1998 Guinea Bissau has not carried out any Public Investment Programs. (macauhub)