Guinea-Bissau and World Bank analyse resumption of programmes suspended in August

22 October 2015

The Guinea-Bissau government analysed with the World Bank mechanisms to resume projects suspended two months ago, following the dismissal of the government of Domingo Simoes Pereira, the Minister of Economy and Finance of Guinea-Bissau said Wednesday in Bissau.

Minister Geraldo Martins also said the two sides had reviewed the projects supported by the World Bank in the energy sector, especially related to the purchase of fuel for electricity and water company Empresa de Electricidade e Águas da Guiné-Bissau.

Martins added that the second item on the agenda was confirmation of the commitments made to cooperation partners during the round table in Brussels, where the World Bank pledged to provide approximately US$150 million.

The third point of the agenda was related to innovative financing created recently by the World Bank and of which Guinea-Bissau is expected to be the first beneficiary, said the Minister of Economy and Finance giving no further details of this “innovative financing.”

The government also analysed with the World Bank three-year financing for pre-selected sectors such as energy, education, transport, investment in the port of Bissau and other infrastructure in an amount ranging from US$45 million to US$50 million.

The Minister of Economy and Finance said funding for construction of the power transmission line of the Kaleta dam in neighbouring Guinea-Conakry, as part of the Gambia River Basin Development Organisation (OMVG, its acronym in French), is part of the package of round table commitments that has already been approved.

The meeting was attended by the World Bank’s director for operations in Guinea-Bissau Louise Cord, the Minister of Education, Odete Costa Semedo, Minister for Energy, Wasna Santa Danfa, the Minister for Health, Cadi Seidi and the Secretary of State for Transport and Communications, João Bernardo Vieira. (macauhub/GW)