egotiating further
assistance from international donors, upgrading both government and
private financial operations, curtailing drug trafficking, and
narrowing the trade deficit. Remittances from a large expatriate
community that moved to the United States during the war have become
an important source of foreign exchange.

Guernsey
Financial services - banking, fund management, insurance -
account for about 23% of employment and 32% of total income in this
tiny, prosperous Channel Island economy. Tourism, manufacturing, and
horticulture, mainly tomatoes and cut flowers, have been declining.
Financial services, construction, retail, and the public sector have
been growing. Light tax and death duties make Guernsey a popular tax
haven. The evolving economic integration of the EU nations is
changing the environment under which Guernsey operates.

Guinea
Guinea possesses major mineral, hydropower, and agricultural
resources, yet remains an underdeveloped nation. The country
possesses 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. Fighting along the Sierra Leonean
and Liberian borders, as well as refugee movements, have caused
major economic disruptions, aggravating a loss in investor
confidence. Panic buying has created food shortages and inflation
and caused riots in local markets. Guinea is trying to reengage with
the IMF and World Bank, which cut off most assistance in 2003.
Growth rose slightly in 2006, 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. Dissatisfaction with economic conditions prompted
nationwide strikes in February and June 2006.

Guinea-Bissau
One of the 10 poorest countries in the world,
Guinea-Bissau depends mainly on farming and fishing. Cashew crops
have increased remarkably in recent years, and the country now ranks
sixth in cashew production. Guinea-Bissau exports fish and seafood
along with small amounts of peanuts, palm kernels, and timber. Rice
is the major crop and staple food. However,