Sunday 28 February 2010

Guinea

I've listened to report about economic and financial situation in Guinea.Guinea is the one of the largest export-country in the world. Inspite of that Guinea is very cash poor. Guinea is called local scandal. It is rich by minerals, gold and diamonds, but people have very little profit from that. New government has promised to struggle with corruption and follow business interests. The previous government has chosen to negotiate a lot of contracts with home producers. According to guinean financial journalist, the govenment wanted to win a support of guineans by increasing capital. After that a lot of factories and plants were closed. People were indignant by corruptoin and exploitation. They had decided to hold peaceful demonstration, which was dispersed by soldiers. The government ordered to open fire. After this the investigation was hold.
There also a lot of disputes about contract between China and Guinea. The Chinese International Fund has decided to invest 79 billion of dollars in infrastructure of Guinea. It does not look realistic, because it is impossible to invest in a place, which so financially limited.

No comments:

Post a Comment