Voice of America (Washington, DC)

Guinea: Legislative Elections Could Boost Guinea's Revenues, Says IMF

Guinea's government has already seen a two percent jump in revenue since President Alpha Conde came to power nearly three years ago.

That increase is due to mining activity as well as an increased tax base, according to the International Monetary Fund's Guinea Representative Abdoul Aziz Wane.

"When the new government took office in late 2010 - early 2011, that's where we started seeing the increases in the collection of government revenue, and this trend actually has been continuing," he said.

Wane has confidence peaceful legislative elections, scheduled to be held in late September, could stabilize the business environment even more.

"We believe that if elections are held peacefully government revenue will increase even more thanks to higher economic activity. GDP will grow faster thanks to the return of investors, and this will also provide more revenue for the public purse," he added.

According to Wane, improvements in education and infrastructure are two of the biggest priorities for Guinea's government to address with the increased funds.

  • Comment

Copyright © 2013 Voice of America. All rights reserved. Distributed by AllAfrica Global Media (allAfrica.com). To contact the copyright holder directly for corrections — or for permission to republish or make other authorized use of this material, click here.

AllAfrica aggregates and indexes content from over 130 African news organizations, plus more than 200 other sources, who are responsible for their own reporting and views. Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica.

Comments Post a comment