VIENNA, 12 May 2014 – The United Nations Industrial Development Organization (UNIDO) and Guinea today signed a country cooperation framework agreement, which will help streamline the Government’s efforts in creating employment opportunities for young people, including women, in the field of agro-industries, agribusiness, sanitation and green industries.
The agreement will focus on entrepreneurship and SME development, with a special focus on youth employment and women, on renewable energy and energy efficiency, and on investment promotion and quality infrastructure.
Despite the existence of a large informal sector and the overreliance on commodities, the Government of Guinea has committed itself to structural reforms in order to accelerate industrialization. As a result, the country has made significant achievements and aggregate economic indicators, and the business climate, have improved.
Fatoumata Binta Diallo, Minister of Industry, SMEs and Private Sector Development, said the implementation of the country cooperation framework agreement was key to supporting the country in its economic diversification process and to the nation’s ambitious vision of transforming into a middle income country. She added that Guinea was working closely with development partners like UNIDO to achieve those goals.
UNIDO’s interventions are designed to help Guinea carry out a competitiveness analysis and set in place implementation strategies, as well as targeted projects for its industrial development. They would also help analyze constraints facing the micro, small and medium businesses and come up with targeted solutions to lift those constraints. UNIDO’s planned interventions are fully aligned with the United Nations Development Assistance Framework 2013-2017 (UNDAF).
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