Guinea: A National Economic and Social Inclusion Agency (ANIES) is created (Press Release)

The sharing of prosperity becomes the keystone of government economic action.

The President of the Republic, Professor Alpha Condé, signed on January 31 a decree of crucial importance, which marks the advent of a policy of sharing prosperity in Guinea. Thus is born the National Agency for Economic and Social Inclusion (ANIES), which aims, among other objectives, direct aid to the poorest.

In accordance with the commitments made in his general policy statement, on June 27, 2018 before the National Assembly, Prime Minister Ibrahima Kassory Fofana intends, under the authority of the President of the Republic, to make the sharing of prosperity an economic imperative, social and political. The launch of this innovative public policy will have a real impact on the effective reduction of poverty in Guinea.

Placed under the authority of the President of the Republic, the technical establishment of the National Agency for Economic and Social Inclusion is entrusted to the Prime Minister, Head of Government. ANIES will be in charge of the design, steering and animation of the national inclusion policy in its three main dimensions: economic, social and financial. It has set clear and achievable goals that will ultimately have a significant impact on people's living conditions. This will include:

  • make a financial contribution of at least 2% of GDP by the end of 2020 to share prosperity, following the recommendations of the Africa Progress Panel;
  • within five years, the goal is to reach 4% of GDP, oriented towards 40% of the poorest population (40% bottom, as recommended by the World Bank in its goal of sharing prosperity,

"Shared prosperity");

  • to reduce poverty in the medium term, which currently affects nearly 60% of the population (65% in rural areas);
  • promote financial inclusion, which is barely 3%, with at least 40% of the population having access to basic financial services.

The National Agency for Economic and Social Inclusion (ANIES) is a first in West Africa. It will strongly contribute to the evolution of the economic dynamism of Guinea, which has been collectively enriched, if we consider the evolution of the Gross Domestic Product (GDP), especially since the populations are currently, for a large share, in extreme poverty (less than $ 1.25 per day).

ANIES will be a powerful vehicle for redistributing the fruits of economic prosperity. It will capitalize on the existing, in particular the Productive Social Nets Project.

The setting up of the ANIES starts this February. An experiment (in a territory by natural region) will be carried out this year, followed by a progressive generalization from the beginning of the year 2020.

  Source: Primature Economy