Guinea plans Dubai donors round table to mobilise project funding

Guinea plans Dubai donors round table to mobilise project funding

The Republic of Guinea, located in West Africa, is targeting to mobilise more than $3 billion in funding from Dubai for projects under its Interim Reference Programme (IRP) 2022-2025.

These projects will be showcased at a Round Table of Donors (RTD) event on the sidelines of World Government Summit (WGS) in Dubai on 15 and 16 February 2024

“The RTD is about securing essential funding and establishing long-term strategic partnerships that are essential for our nation's growth," said Rose Pola Pricemou, Minister of Planning and International Cooperation at a media round table on Thursday.

She said the IRP aligns Guinea’s development with the Guinea 2040 Vision, the Sustainable Development Goals (SDGs) for 2030, the ECOWAS 2050 Vision and the African Union (AU) Agenda 2063.

The total cost of the IRP amounts to 108 trillion Guinean Franc, approximately $12.273 billion. While 72 percent of the funding would be raised through domestic resources, the RTD is envisioned to address the remaining funding needs through increased domestic savings, borrowing, establishing a sovereign fund, and international support.

“The Round Table is not just about funding; it's about laying the groundwork for a new type of partnership for Guinea's development. We aim to continue our dialogue with traditional partners while