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World Bank approves $65m to improve the management of mining, natural resources in Guinea


The World Bank approved $65 million from the International Development Association (IDA), for the Natural Resources, Mining and Environmental Management Project in Guinea. The project will support Guinea to protect and invest in its natural capital. Activities will focus on environmental management and technical assistance for a sustainable development of the mining sector.
“The project will strengthen the institutional capacities of both ministries for an integrated management of mineral and natural resources and enhanced benefits from the mining and environment sectors,” said Maria Sarraf, Practice Manager, World Bank.
Guinea has an abundance of natural resources: it is the source of several major rivers, and has exceptional biodiversity, the third of the world’s bauxite reserves, significant gold, diamond, and oil resources. Despite its rich endowment, Guinea’s per capita Gross Domestic Product (GDP) of $962 is much lower than the region’s average of $1,60 ....

Maria Sarraf , Nestor Coffi , International Development Association , Ministry Of Environment , World Bank , Ministry Of Mining , Pie Kamau , Natural Resources , Environmental Management Project , Practice Manager , Gross Domestic Product , Country Manager , சர்வதேச வளர்ச்சி சங்கம் , அமைச்சகம் ஆஃப் சூழல் , உலகம் வங்கி , அமைச்சகம் ஆஃப் சுரங்க , பை கமாவு , இயற்கை வளங்கள் , சுற்றுச்சூழல் மேலாண்மை ப்ராஜெக்ட் , ப்ர்யாக்டீஸ் மேலாளர் , மொத்த உள்நாட்டு ப்ராடக்ட் , நாடு மேலாளர் ,

Guinea: World Bank Provides Support to Improve the Management of Mining and Natural Resources


Guinea: World Bank Provides Support to Improve the Management of Mining and Natural Resources
05/27/2021 | 10:38am EDT
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WASHINGTON, May 26, 2021 - The World Bank Board of Directors approved today $65 million from the International Development Association (IDA) for the
Natural Resources, Mining and Environmental Management Project in Guinea. This project will support Guinea to protect and invest in its natural capital. Activities will focus on environmental management and technical assistance for a sustainable development of the mining sector.
Guinea has an abundance of natural resources: it is the source of several major rivers, and has exceptional biodiversity, the third of the world s bauxite reserves, significant gold, diamond, and oil resources. Despite its rich endowment, Guinea s per capita Gross Domestic Product (GDP) of $962 is much lower than the region s average of $1,600. Mining is the main dr ....

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