✉news BusinessEconomy first seen 10 h ago, last 6 h ago, peak #18
World Bank Urges Guinea to Use Iron Ore to Diversify Economy
The World Bank is calling on Guinea to use revenue from its vast iron ore resources, including the giant Simandou deposit, to diversify an economy heavily reliant on mining exports. The advice comes as large-scale iron ore projects move toward production, raising the stakes for how Conakry manages the windfall and invests in other sectors of the economy.
Why now: Guinea's iron ore projects are advancing, drawing fresh attention to how the country should manage the incoming resource revenue.
Evidence
- World Bank Urges Guinea to Use Iron Ore to Diversify Economy · Bloomberg.com
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