Union of
Guinean Workers or USTG [Dr. Ibrahima FOFANA]); National Council of
Civil Society Organizations of Guinea or CNOSCG [Ben Sekou SYLLA];
Syndicate of Guinean Teachers and Researchers or SLECG [Dr. Louis
M'Bemba SOUMAH]
International organization participation:
ACP, AfDB, AU, ECOWAS, FAO, G-77, IBRD, ICAO, ICCt, ICRM, IDA, IDB,
IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, IPU, ISO
(correspondent), ITSO, ITU, ITUC, MIGA, MINURSO, NAM, OIC, OIF,
OPCW, UN, UNCTAD, UNESCO, UNHCR, UNIDO, UNMIS, UNOCI, UNWTO, UPU,
WCL, WCO, WFTU, WHO, WIPO, WMO, WTO
Diplomatic representation in the US:
chief of mission: Ambassador Mory Karamoko KABA
chancery: 2112 Leroy Place NW, Washington, DC 20008
telephone: [1] (202) 483-9420
FAX: [1] (202) 483-8688
Diplomatic representation from the US:
chief of mission: Ambassador (vacant); Charge d'Affaires Elizabeth
RASPOLIC
embassy: Koloma, Conakry, east of Hamdallaye Circle
mailing address: B. P. 603, Transversale No. 2, Centre Administratif
de Koloma, Commune de Ratoma, Conakry
telephone: [224] 65-10-40-00
FAX: [224] 65-10-42-97
Flag description:
three equal vertical bands of red (hoist side), yellow, and green;
uses the popular pan-African colors of Ethiopia
Economy
Guinea
Economy - overview:
Guinea possesses major mineral, hydropower, and agricultural
resources, yet remains an underdeveloped nation. The country has
almost half of the world's bauxite reserves and is the
second-largest bauxite producer. The mining sector accounts for over
70% of exports. Long-run improvements in government fiscal
arrangements, literacy, and the legal framework are needed if the
country is to move out of poverty. Investor confidence has been
sapped by rampant corruption, a lack of electricity and other
infrastructure, a lack of skilled workers, and the political
uncertainty due to the failing health of President Lansana CONTE.
Guinea is trying to reengage with the IMF and World Bank, which cut
off most assistance in 2003, and is working closely with technical
advisors from the U.S. Treasury Department, the World Bank and IMF,
seeking to return to a fully funded program. Growth rose slightly in
2006-07, primarily due to increases in global demand and commodity
prices on world markets, but the standard of living fell. The Guinea
franc depreciated sharply as the prices for basic necessities like
food and fuel rose beyond the reach of most Guineans.
Dissatisfa
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