WORLD BANK: The World Bank builds capacity in Guinea

0 Comments | M2 Presswire, June, 1998

M2 PRESSWIRE-26 June 1998-WORLD BANK: The World Bank builds capacity in Guinea (C)1994-98 M2 COMMUNICATIONS LTD RDATE:250698 WASHINGTON -- The World Bank today approved a US$5.0 million equivalent credit for a Microfinance Capacity-Building Project in the Republic of Guinea. The project will test a capacity-building program designed to contribute to the transformation of donor-financed development projects Credit Rural, Credit Mutuel, and Projet Rural Integre pour le Developpement des Entreprises (PRIDE) into sustainable financial institutions appropriately regulated by the Central Bank of Guinea.

Most microfinance activities have a strong social orientation and as such there has been little emphasis in the past on their financial and institutional performance...