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GUSHEIN]; National Union for Progress or UPN [Mamadou Bhoye BARRY]; Party for Unity and Progress or PUP [Lansana CONTE] - the governing party; People's Party of Guinea or PPG [Pascal TOLNO]; Rally for the Guinean People or RPG [Alpha CONDE]; Union for Progress and Renewal or UPR [Siradiou DIALLO]; Union for Progress of Guinea or UPG [Jean-Marie DORE, secretary-general]; Union of Republican Forces or UFR [Sidya TOURE] Political pressure groups and leaders: NA International organization participation: ACCT, ACP, AfDB, AU, ECOWAS, FAO, G-77, IBRD, ICAO, ICCt, ICFTU, ICRM, IDA, IDB, IFAD, IFC, IFRCS, ILO, IMF, IMO, Interpol, IOC, IOM, ISO (correspondent), ITU, MIGA, MINURSO, NAM, OIC, ONUB, OPCW, UN, UNAMSIL, UNCTAD, UNESCO, UNHCR, UNIDO, UNOCI, UPU, WCL, WCO, WFTU, WHO, WIPO, WMO, WToO, WTO Diplomatic representation in the US: chief of mission: Ambassador Rafiou Alpha Oumar BARRY FAX: [1] (202) 478-3010 telephone: [1] (202) 986-4300 chancery: 2112 Leroy Place NW, Washington, DC 20008 Diplomatic representation from the US: chief of mission: Ambassador Barrie R. WALKLEY embassy: Rue Ka 038, Conakry mailing address: B. P. 603, Conakry telephone: [224] 41 15 20, 41 15 21, 41 15 23 FAX: [224] 41 15 22 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 possesses over 30% of the world's bauxite reserves and is the second-largest bauxite producer. The mining sector accounted for about 75% of exports in 1999. Long-run improvements in government fiscal arrangements, literacy, and the legal framework are needed if the country is to move out of poverty. Fighting along the Sierra Leonean and Liberian borders, as well as refugee movements, have caused major economic disruptions, including a loss in investor confidence. Foreign mining companies have reduced expatriate staff, while panic buying has created food shortages and inflation in local markets. Guinea is not receiving multilateral aid. The IMF and World Bank cut off most assistance in 2003. Growth should strengthen in 2004, however, because of a slowly improving security situation and increased investor confidence. GDP: purchasing power pari
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