Guinea Bissau Overview of the Country Guinea Bissau

Total Page:16

File Type:pdf, Size:1020Kb

Guinea Bissau Overview of the Country Guinea Bissau Guinea Bissau Overview of the country Guinea Bissau covers an area of 36,124 km², with a population of 1.6 million inhabitants, almost 2/3 of whom live in rural areas. It is composed of 40.8% of people under 14 years old, 56.1% between 15 and 64 years old and 3.1% at 65 or over 30 years old. Its population density is 42 inhab./km2 ​ It is bordered to the north by Senegal and to the east and south by the Republic of Guinea. With a human development index (UNDP) of 176 out of 186 countries in 2012, Guinea Bissau is one of the poorest countries in the world. Guinea-Bissau is divided into eight regions: Bafatá, Biombo, Bolama-Bijagos, Cacheu, Gabu, Oio, Quinara, Tombali, and an autonomous sector of Bissau. The country is located at 12° north latitude. The coastal plains are cut by the vast estuaries of the coastal rivers: rios Cacheu, Geba. Irrigated by numerous waterways which facilitate inland penetration but hinder transverse communications, half of the territory of Guinea-Bissau is made up of a series of islands and a coastal plain, often swampy, suitable for growing rice. The other half consists of an interior area of plateaus and high hills, often affected by drought. The population growth rate is 2.019%, with a birth rate of 35.97 ‰, a mortality rate of 15.79 ‰, an infant mortality rate of 99.82 ‰ and a fertility rate of 4 , 58 children / woman The official language of the country is Portuguese. The language of communication (and mother tongue of around a third of the population) is Creole from Guinea-Bissau, which developed from Portuguese. The different ethnic groups maintain their languages Political, economic and social context of the country ● Political context At the political level, Guinea-Bissau has experienced, since its independence (declared September 24, 1974) and on a recurring basis, situations of political and institutional instability, which have significantly hampered its economic growth as well as the improvement of the quality of life of its populations. The political change that occurred on April 12, 2012 triggered the current politico-military crisis, and resulted in the breakdown of technical and financial cooperation with the country's main development partners. Guinea-Bissau is governed by a Constitution introduced in 1984, through which it arrogates all powers to itself. Seventeen (17) years later, in 1991, Guinea-Bissau went from single-party to multi-party, accompanied by measures to consolidate democracy such as the independence of trade unions, freedom of association, the right to strike and freedom of press… The first pluralist presidential election was held on August 7, 1994. The 1998-1999 civil war destroyed all of the country's poorly developed infrastructure. Despite a fragile return to democracy since 2005, interspersed with several coups d'état, the country's leaders continue to wage a veritable war of censorship against all forms of freedom of expression and the press in general. At the same time, the socio-economic situation of the country is catastrophic. Civil servants are not paid regularly, equipment and services to populations are deficient everywhere, the economy has been slowing down for many years. Yet the country has strengths that it could exploit much better. It is one of the main cashew nuts producers, employing nearly 30% of the workforce. It also has forests, a maritime area full of resources, oil, metals and other minerals. All of this remains largely under-exploited and widespread corruption is hampering the development of the country, which is one of the poorest in the HDI world rankings. Finally, the country remains one of the most affected by the atrocious phenomenon of female genital mutilation, since around 45% of women have undergone such torture, with prevalence rates of almost 96% in the remote rural regions of the eastern Guinea-Bissau. Legislative power is exercised in the National Popular Assembly (ANP) / parliament and executive power vested in the Prime Minister with a semi-presidential system. There are 26 registered political parties of which 5 are represented in parliament (Legislative 2008). The ANP has 102 seats. The country is a member of several international, regional, sub-regional and economic cooperation organizations: United Nations (1974), Organization of African Unity / African Union (1973), CILSS (1986), ECOWAS (1975), WAEMU (1997), CPLP (1996) etc. ● Economic context On the economic aspect, the IMF points out that economic growth in Guinea Bissau as well as efforts to fight poverty have been hampered by recurrent internal conflicts which have compromised social progress in the country. The economy is mainly based on agriculture and fishing which account for about 46% of gross domestic product. Overall, Bissau-Guinean agriculture generates 80% of employment and 90% of exports (cashew nuts being the main export product). Infrastructure is weak, as are social indicators, with more than two-thirds of the population living below the poverty line. The country is endowed with abundant natural resources, with good quality land and good rainfall (1,500-1,877 mm on average over 112 days). It is also rich in mineral resources, with a varied biodiversity, abundant fishery resources and a tourism potential which can constitute good sources of income. • National GDP : USD 1,458 billion (2018) • GDP/capita: USD 778 (2018) • GDP growth: 3,80 % / an (2018) • Distribution of GDP : Primary : 46 %, Secondary : 14 %, Tertiary : 40 % • Inbound foreign direct investments : $20 millions • Migrant remittances: $ 64 million • Variations in volume of exports: 1.69% • Variation in volume of imports: 18.95% • Change in trade balance: 10.8% • Balance of payments (as a percentage of GDP): 1.5% • Current account (as a percentage of GDP): 0.11 • Public deficit / surplus (as a percentage of GDP): 2.2% • Public debt (as a percentage of GDP): 47.32% • Perception of corruption (ranking out of 175): 168 ● Social context At the social level, the situation remains very precarious and worrying. Indeed, the results of the Second Light Poverty Assessment Survey (ILAP 2/2010) indicate that 69.3 percent of Bissau Guineans are poor and 33 percent are extremely poor and, that both agricultural and rural areas are the most affected by poverty. The occupation rate (employment) for the 15-24 age group was 10.6 per cent in 2009, and that for women was 4.6 per cent. In 2018, the country was ranked 178th in the classification of the Human Development Index (HDI), and is part of the group of countries with the lowest development indices out of 186 countries (MDG Report, 2012). According to the WFP, Guinea-Bissau occupies the 99th position out of 117, in the world hunger index in 2019. Guinea Bissau is experiencing a situation of structural malnutrition and food insecurity. The net national food production is not sufficient to cover the food needs of the country. Vulnerable populations (small family farmers, women and young people) depend largely on agriculture for their livelihoods.. According to the results of the Food and Nutrition Security Information System in September 2019, 30.7% of households are affected by food insecurity (approximately 368,458 people), including 34.2% of households in the rural area and 19.2% of households in the urban area. Regarding nutritional indicators, the second UNICEF survey (published in 2013) on the nutritional status of children under 5 and women of childbearing age (15 to 49), shows that the national prevalence of underweight is 17 percent, the prevalence of global chronic malnutrition is 26 percent, and the prevalence of global acute malnutrition is 6.5 percent. The overall nutritional situation in Guinea Bissau remains precarious. This precariousness is more pronounced in certain regions (Bafatá, Oio, Gabú, Bissau and Bolama) particularly affected by acute malnutrition, high prevalence of chronic malnutrition and underweight. This situation in these areas is due to the low production of cashew nuts (low income) and unsuitable eating habits. Agro-sylvo-pastoral and fishery sector Agriculture, in the broad sense (farming, livestock and forestry) remains the dominant economic activity contributing more than 50% of the GDP and more than 80% of exports and employing 82% of the working population. It falls into two categories of producers: o small village producers (tabancas) estimated at nearly 130,000 farmers constitute the bulk of the rural population and carry out 90% of production; o modern producers called "ponteiros" (2,200 concessions, on which 1,200 actually installed), generally modern farmers with large land concessions (average size of 136 ha, varying from 20 to 2,500 ha) provided by the State, covering 27 % of arable land (or 9% of the total area of the country) and ​ occupying the best agricultural land in the country. Due to lack of financing in ​ terms of credit, they are all in a latent state. Agricultural land covers an area of 1,110,000 ha, i.e 32% of the total area. The area of soils suitable for irrigated rice cultivation (mangrove and lowland rice cultivation) is 305,000 ha. Of this potential, around 50,000 ha are cultivated, or just over 16%. The lands with favorable characteristics for hydro-agricultural and pastoral development are located in areas irrigated by the Geba and Corubal rivers, to which are added numerous lowlands present throughout the country. In terms of development, agriculture today is mainly occupied by two predominant crops: cashew and rice. The number of traditional farms is estimated at 130,000 for 1,200 agricultural enterprises. The cultivated areas are estimated at 400,000 ha (or 11% of the country's surface area), including 220,000 ha are under annual crops and 120,000 ha in perennial crops. For rice, the potential according to the type of rice cultivation is in the following range: i) irrigated rice cultivation: mangrove rice with 106,000 ha, of which 51,000 ha cultivated, and ii) lowland rice with 150,000 ha, of which 11,000 ha cultivated.
Recommended publications
  • Why Peace Fails in Guinea Bissau? a Political Economy Analysis of the ECOWAS-Brokered Conakry Accord
    d Secur n ity a e S c e a r i e e s P FES SENEGAL GUINEA-BISSAU NORTH ATLANTIC OCEAN GUINEA Habibu Yaya Bappah Why Peace Fails in Guinea Bissau? A Political Economy Analysis of the ECOWAS-brokered Conakry Accord SENEGAL GUINEA-BISSAU NORTH ATLANTIC OCEAN GUINEA Habibu Yaya Bappah Why Peace Fails in Guinea Bissau? A Political Economy Analysis of the ECOWAS-brokered Conakry Accord About the author Dr Habibu Yaya Bappah is a full time Lecturer in the Department of Political Science/International Studies at Ahmadu Bello University Zaria, Nigeria. His teaching and research interests are in regional integration, regional security and governance, human rights, democracy and development with a particular focus on the African Union and ECOWAS. He has had stints and research fellowships in the Department of Political Affairs, Peace and Security at the ECOWAS Commission and in the African Union Peace & Security Programme at the Addis Ababa University, Ethiopia. He is an alumnus of the African Leadership Centre (ALC) at King’s College London. Imprint Friedrich-Ebert-Stiftung Peace and Security Centre of Competence Sub-Saharan Africa Point E, boulevard de l’Est, Villa n°30 P.O. Box 15416 Dakar-Fann, Senegal Tel.: +221 33 859 20 02 Fax: +221 33 864 49 31 Email: [email protected] www.fes-pscc.org ©Friedrich-Ebert-Stiftung 2017 Layout : Green Eyez Design SARL, www.greeneyezdesign.com ISBN : 978-2-490093-01-4 “Commercial use of all media published by the Friedrich-Ebert-Stiftung (FES) is not permitted without the written consent of the FES.
    [Show full text]
  • Guinea-Bissau: Second Poverty Reduction Strategy Paper
    © 2011 International Monetary Fund December 2011 IMF Country Report No. 11/353 June 31, 2011 January 29, 2001 January 29, 2001 January 29, 2001 January 29, 2001 Guinea-Bissau: Second Poverty Reduction Strategy Paper This poverty reduction strategy paper on Guinea-Bissau was prepared in broad consultation with stakeholders and development partners, including the staffs of the International Monetary Fund and the World Bank. The PRSP describes the country’s macroeconomic, structural, and social policies in support of growth and poverty reduction, as well as associated external financing needs and major sources of financing. This country document is being made available on the IMF website, together with the Joint Staff Advisory Note on the Second Poverty Reduction Strategy Paper, by agreement with the member country as a service to users of the IMF website. Copies of this report are available to the public from International Monetary Fund Publication Services 700 19th Street, N.W. Washington, D.C. 20431 Telephone: (202) 623-7430 Telefax: (202) 623-7201 E-mail: [email protected] Internet: http://www.imf.org International Monetary Fund Washington, D.C. REPUBLIC OF GUINEA-BISSAU MINISTRY OF ECONOMY, PLANNING, AND REGIONAL INTEGRATION SECOND NATIONAL POVERTY REDUCTION STRATEGY PAPER DENARP/PRSP II (2011–2015) Bissau, June 2011 CONTENTS Acronyms and Abbreviations ............................................................................................................... 4 Executive Summary .............................................................................................................................
    [Show full text]
  • Appraisal Report Kankan-Kouremale-Bamako Road Multinational Guinea-Mali
    AFRICAN DEVELOPMENT FUND ZZZ/PTTR/2000/01 Language: English Original: French APPRAISAL REPORT KANKAN-KOUREMALE-BAMAKO ROAD MULTINATIONAL GUINEA-MALI COUNTRY DEPARTMENT OCDW WEST REGION JANUARY 1999 SCCD : N.G. TABLE OF CONTENTS Page PROJECT INFORMATION BRIEF, EQUIVALENTS, ACRONYMS AND ABBREVIATIONS, LIST OF ANNEXES AND TABLES, BASIC DATA, PROJECT LOGICAL FRAMEWORK, ANALYTICAL SUMMARY i-ix 1 INTRODUCTION.............................................................................................................. 1 1.1 Project Genesis and Background.................................................................................... 1 1.2 Performance of Similar Projects..................................................................................... 2 2 THE TRANSPORT SECTOR ........................................................................................... 3 2.1 The Transport Sector in the Two Countries ................................................................... 3 2.2 Transport Policy, Planning and Coordination ................................................................ 4 2.3 Transport Sector Constraints.......................................................................................... 4 3 THE ROAD SUB-SECTOR .............................................................................................. 5 3.1 The Road Network ......................................................................................................... 5 3.2 The Automobile Fleet and Traffic.................................................................................
    [Show full text]
  • Saharan Africa
    T.C. SAKARYA UNIVERSITY MIDDLE EAST INSTITUTE THE DETERMINANTS, MOTIVES, AND SOCIO- CULTURAL IMPACTS OFARAB-AID TO SUB- SAHARAN AFRICA. MASTER’S THESIS Mohamed CAMARA Department : Middle East Studies Thesis Supervisor: Assist. Prof. Philipp O. AMOUR JULY – 2018 DECLARATION I declare that this thesis is written in accordance with the scientific code of ethics and that, this work is original and where the works of others used has been duly acknowledged. There is no falsification of used data and that no part of this thesis is presented for study at this university or any other university. Mohamed CAMARA 02.07.2018 iii ACKNOWLEDGEMENT My tremendous gratitude goes to my late father for his support and guidance in enabling me further my studies to this level. I also thank the teaching and administrative staff of the Middle East Institute in Sakarya University. A heartfelt appreciation goes to the Republic of Turkey for the good learning environment and the hospitality that was offered to me during my studies. I am most grateful to my supervisor Assist. Prof. Dr. Philipp O. Amour for his research assistance and patience to review this project. In his capacity as my research guide, I have benefitted not only from his Academic advices but also advices that has taught me the principles of ethics and discipline in research. I am alone liable for possible mistakes. Special thanks to Aboubacar Sidiki Amara Sylla, Malang Bojang, Hashiru Mohamed and Elif Kaya for their unwavering moral and technical supports. Finally, I am highly indebted to my family and best friends, especially my uncle for his financial support throughout my Academic life.
    [Show full text]
  • Republic of Guinea: Overcoming Growth Stagnation to Reduce Poverty
    Report No. 123649-GN Public Disclosure Authorized REPUBLIC OF GUINEA OVERCOMING GROWTH STAGNATION TO REDUCE POVERTY Public Disclosure Authorized SYSTEMATIC COUNTRY DIAGNOSTIC March 16, 2018 International Development Association Country Department AFCF2 Public Disclosure Authorized Africa Region International Finance Corporation Sub-Saharan Africa Department Multilateral Investment Guarantee Agency Sub-Saharan Africa Department Public Disclosure Authorized WORLD BANK GROUP IBRD IFC Regional Vice President: Makhtar Diop : Vice President: Dimitris Tsitsiragos Country Director: Soukeyna Kane Director: Vera Songwe : Country Manager: Rachidi Radji Country Manager: Cassandra Colbert Task Manager: Ali Zafar : Resident Representative: Olivier Buyoya Co-Task Manager: Yele Batana ii LIST OF ACRONYMS AGCP Guinean Central Procurement Agency ANASA Agence Nationale des Statistiques Agricoles (National Agricultural Statistics Agency) Agence de Promotion des Investissements et des Grands Travaux (National Agency for APIX Promotion of Investment and Major Works) BCRG Banque Centrale de la République de Guinée (Central Bank of Guinea) CEQ Commitment to Equity CGE Computable General Equilibrium Conseil National pour la Démocratie et le Développement (National Council for CNDD Democracy and Development) Confédération Nationale des Travailleurs de Guinée (National Confederation of CNTG Workers of Guinea) CPF Country Partnership Framework CPIA Country Policy and Institutional Assessment CRG Crédit Rural de Guinée (Rural Credit of Guinea) CWE China Water and
    [Show full text]
  • English) Relative to Those That TVET Trainees Are Developing During Their Courses
    Escaping the Low-Growth Trap Public Disclosure Authorized Guinea-Bissau Country Economic Memorandum Public Disclosure Authorized Public Disclosure Authorized Macroeconomics, Trade and Investment Global Practice Public Disclosure Authorized AFCF1 Country Management Unit Africa Region 1 Report No: AUS0001916 © 2020 The World Bank 1818 H Street NW, Washington DC 20433 Telephone: 202-473-1000; Internet: www.worldbank.org Some rights reserved This work is a product of the staff of The World Bank. The findings, interpretations, and conclusions expressed in this work do not necessarily reflect the views of the Executive Directors of The World Bank or the governments they represent. The World Bank does not guarantee the accuracy of the data included in this work. The boundaries, colors, denominations, and other information shown on any map in this work do not imply any judgment on the part of The World Bank concerning the legal status of any territory or the endorsement or acceptance of such boundaries. Rights and Permissions The material in this work is subject to copyright. Because The World Bank encourages dissemination of its knowledge, this work may be reproduced, in whole or in part, for no ncommercial purposes as long as full attribution to this work is given. Attribution—Please cite the work as follows: World Bank. (July 2020). Guinea-Bissau Country Economic Memorandum. © World Bank. All queries on rights and licenses, including subsidiary rights, should be addressed to World Bank Publications, The World Bank Group, 1818 H Street NW, Washington, DC 20433, USA; fax: 202-522-2625; e-mail: [email protected]. 2 Acknowledgments The Country Economic Memorandum was prepared by a team led by Fiseha Haile (TTL and Economist, EA2M1).
    [Show full text]
  • Table of Contents
    GUINEA COUNTRY READER TABLE OF CONTENTS George Lambrakis 1959-1961 Administrative Officer, Conakry John Howard Morrow 1959-1961 Ambassador, Guinea William Attwood 1961-1963 Ambassador, Guinea Stephen Low 1963-1965 Guinea and Mali Desk Officer, Washington, DC James Moceri 1965-1967 Public Affairs Officer, USIS, Conakry Peter O. Sellar 1966-1968 Program Officer, USAID, Conakry Robinson McIlvaine 1966-1969 Ambassador, Guinea Albert A. Thibault 1969-1971 Political/Economic Officer, Conakry Donald R. Norland 1970-1972 Deputy Chief of Mission, Conakry Johnny Young 1970-1972 General Services Officer, Conakry Roy T. Haverkamp 1972-1974 Deputy Chief of Mission, Conakry Terence A. Todman 1972-1975 Ambassador, Guinea William C. Harrop 1975-1977 Ambassador, Guinea Richard C. Howland 1978 Office of the Inspector General, Washington, DC Walter J. Sherwin 1979-1982 AID Affairs Officer, Conakry Allen C. Davis 1980-1983 Ambassador, Guinea Kathryn Clark-Bourne 1982-1985 Deputy Chief of Mission, Conakry Gregory T. Frost 1988-1991 Deputy Chief of Mission, Conakry Tibor Peter Nagy, Jr. 1996-1999 Ambassador, Guinea 1 Joyce E. Leader 1999-2000 Ambassador, Guinea GEORGE LAMBRAKIS Administrative Officer Conakry (1959-1961) George Lambrakis was born in Illinois in 1931. After receiving his bachelor’s degree from Princeton University in 1952, he went on to earn his master’s degree from Johns Hopkins University in 1953 and his law degree from Tufts University in 1969. His career has included positions in Saigon, Pakse, Conakry, Munich, Tel Aviv, and Teheran. Mr. Lambrakis was interviewed by Charles Stuart Kennedy in June 2002. LAMBRAKIS: Bill Lewis was my immediate boss. And after two years in INR I was given my choice of three African assignments, I chose Conakry because it was a brand new post, and I spoke French.
    [Show full text]
  • 2005-2009-Guinea-Country Strategy Paper
    AFRICAN DEVELOPPEMENT BANK AFRICAN DEVELOPMENT FUND REPUBLIC OF GUINEA RESULTS-BASED COUNTRY STRATEGY PAPER 2005-2009 COUNTRY OPERATIONS DEPARTMENT (WEST REGION) July 2005 Table of Contents CURRENCY EQUIVALENTS ................................................................................................................................................................................................................i FISCAL YEAR...........................................................................................................................................................................................................................................i ACRONYMS AND ABBREVIATIONS .................................................................................................................................................................................................i EXECUTIVE SUMMARY ......................................................................................................................................................................................................................ii I. INTRODUCTION.................................................................................................................................................................................................................................1 II. COUNTRY CONTEXT ......................................................................................................................................................................................................................2
    [Show full text]
  • Urban-Bias and the Roots of Political Instability
    Urban-bias and the Roots of Political Instablity: The case for the strategic importance of the rural periphery in sub-Saharan Africa By Beth Sharon Rabinowitz A dissertation submitted in partial satisfaction of the requirements for the degree of Doctor of Philosophy in Political Science in the Graduate Division of the University of California, Berkeley Committee in Charge: Professor Steven K. Vogel, Chair Professor Michael Watts Professor Robert Price Professor Catherine Boone Fall 2013 COPYRIGHT Abstract Urban-bias and the Roots of Political Instablity: The case for the strategic importance of the rural periphery in sub-Saharan Africa By Beth Sharon Rabinowitz Doctor of Philosophy in Political Science University of California, Berkeley Professor Steven K. Vogel, Chair Urban-bias and the Roots of Political Instability: the case for the strategic importance of the rural periphery in sub-Saharan Africa seeks to unravel a conundrum in African politics. Since the 1980s, we have witnessed two contradictory trends: on the one hand, coups, which have become rare events world-wide, have continued to proliferate in the region; concurrently, several African countries – such as Ghana, Uganda, Burkina Faso and Benin – have managed to escape from seemingly insurmountable coup-traps. What explains this divergence? To address these contradictory trends, I focus initially on Ghana and Cote d‟Ivoire, neighboring states, with comparable populations, topographies, and economies that have experienced contrasting trajectories. While Ghana suffered five consecutive coups from the 1966 to 1981, Cote d‟Ivoire was an oasis of stability and prosperity. However, by the end of the 20th century, Ghana had emerged as one of the few stable two-party democracies on the continent, as Cote d‟Ivoire slid into civil war.
    [Show full text]
  • The Mineral Industry of Guinea in 1998
    THE MINERAL INDUSTRY OF GUINEA By Philip M. Mobbs Guinea was the world’s second largest bauxite producer and Alcan Aluminium Ltd. of Canada, Aluminium Pechiney of had the world’s largest bauxite resources (Plunkert, 1999). France, and Alcoa Inc. of the United States. In 1998, to Mining accounted for about 16% of the nation’s estimated $3.6 debottleneck production, CBG began rehabilitation and billion gross domestic product and about 80% of the value of upgrade of the bauxite conveyor system in Kamsar from the rail Guinea’s exports (U.S. Department of State, September 1998, terminal to the processing plant. Background notes, accessed November 13, 1999, at URL The state-owned Société des Bauxites de Kindia (SBK) http://www.eti-bull.net/USEMBASSY/notes.html; World Bank, proposed to restore its production to the operation’s original 3- September 22, 1999, Guinea at a glance, accessed November Mt/yr capacity. SBK’s production, about one-half of capacity, 10, 1999, at URL http://www.worldbank.org/data/ was exported to Ukraine. countrydata/countrydata.html).1 The limited domestic demand The dispute between the owners of the Société d’Economie for crude minerals resulted in the mineral sector effectively Mixte Friguia continued into 1998. Friguia, owned by the dominating the nation’s exports. Less than 10% of mined Frialco Holding Co. (51%) and the Government (49%), bauxite was used to produce alumina in Guinea. In 1998, the operated the Fria bauxite mine and the Kimbo alumina country’s total exports were valued at $843 million compared refinery. The year began with the Frialco partners (Alcan, with $797 million in 1997 (World Bank, September 22, 1999, 20%; Aluminium Pechiney, 30%; Hydro Aluminium a.s.
    [Show full text]
  • POTENTIAL IMPACTS of the AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) on SELECTED OIC COUNTRIES Case of Cote D’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda
    TECHNICAL REPORT POTENTIAL IMPACTS OF THE AFRICAN CONTINENTAL FREE TRADE AREA (AFCFTA) ON SELECTED OIC COUNTRIES Case of Cote d’Ivoire, Egypt, Guinea, Mozambique, Tunisia and Uganda Prepared by About ITFC The International Islamic Trade Finance Corporation (ITFC) is a member of the Islamic Contents Development Bank (IsDB) Group. It was established with the primary objective of advancing trade among OIC member countries, which would ultimately contribute to the overarching ACRONYMS 4 goal of improving the socioeconomic conditions of the people across the world. Commencing operations in January 2008, ITFC has provided more than US$51 billion of financing to OIC LIST OF FIGURES 5 member countries, making it the leading provider of trade solutions for these member LIST OF TABLES 5 countries’ needs. With a mission to become a catalyst for trade development for OIC member countries and beyond, the Corporation helps entities in member countries gain better access FOREWORD 6 to trade finance and provides them with the necessary trade-related capacity-building tools, which would enable them to successfully compete in the global market. EXECUTIVE SUMMARY 8 About SESRIC 1. Introduction 10 2. Current Trade Patterns and Tariff Barriers 14 The Statistical, Economic and Social Research and Training Centre for Islamic Countries to Trade (SESRIC), a subsidiary organ of the Organization of the Islamic Conference (OIC), is operating in Ankara, Turkey since June 1978 as the main economic research arm, statistics centre 3. Model and Estimation 22 and training organ of the OIC. The Centre has been engaged with statistical data collection, 4. Output and Welfare Effects 26 collation and dissemination on and for the OIC member countries, undertaking the preparation of research papers, reports and studies on economic cooperation and development issues 5.
    [Show full text]
  • We Recommend Not to Cite This First Draft IMPACTS of the DOHA ROUND and ECOWAS on the GUINEA-BISSAU ECONOMY
    We recommend not to cite this first draft IMPACTS OF THE DOHA ROUND AND ECOWAS ON THE GUINEA-BISSAU ECONOMY: AN ANALYSIS WITH CGE MODEL Júlio Vicente Cateia1 Dr. Terciane Sabadini de Carvalho2 Dr. Maurício Vaz Lobo Bittencourt3 Abstract: Trade in agricultural products is very sensitive to shocks in world markets. However, just a few decades ago agricultural commodities had their trade regulated, which occurred only in the beginning of the early 2000s, marking the first steps of developing and less developed countries towards the liberalization of their products. This study aims to analyze the proposal of tariff reduction formalized in the Doha agreement on the economy of Guinea-Bissau, contributing to the analysis of trade liberalization and its implications for development, particularly discussing the effects on poverty and welfare. The analysis was conducted by Guinea-Bissau economy-based computable general equilibrium model calibrated with the 2007 data. Large negative short-term impacts in welfare and poverty were attributed to a partial cut in import tariffs (56%). As the effects on the product that the model was able to capture bring an expansion in the cash crops sectors (mainly millet, sorghum, maize and rice) and in some industries and services sectors, the tariff reduction policy could promote the diversification of national production. Keywords: Trade agreements. Computable General Equilibrium Model. Guinea- Bissau JEL code: C68; F14; Q17 1. Introduction Guinea-Bissau is a country with small economy fundamentally based on agricultural production, which accounts for more than 60% of its gross domestic product (GDP) and 90% of its exports. Considering the total of 68% of the population over 15 years employed, 61% corresponds to employment in the agricultural sector, 5.8% industrial employment and 34.1% employment in the services sector (ILO, 2017).
    [Show full text]