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Guinea-Bissau

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Background

In 1994, 20 years after independence from Portugal, the country's first multiparty legislative and presidential elections were held. An army uprising that triggered a bloody civil war in 1998, created hundreds of thousands of displaced persons. The president was ousted by a military junta in May 1999. An interim government turned over power in February 2000 when opposition leader Kumba YALA took office following two rounds of transparent presidential elections. Guinea-Bissau's transition back to democracy will be complicated by its crippled economy devastated in the civil war.

One of the 10 poorest countries in the world, Guinea-Bissau depends mainly on farming and fishing. Cashew crops have increased remarkably in recent years, and the country now ranks sixth in cashew production. Guinea-Bissau exports fish and seafood along with small amounts of peanuts, palm kernels, and timber. Rice is the major crop and staple food. However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998; the civil war led to a 28% drop in GDP that year, with partial recovery in 1999-2001. Before the war, trade reform and price liberalization were the most successful part of the country's structural adjustment program under IMF sponsorship. The tightening of monetary policy and the development of the private sector had also begun to reinvigorate the economy. Because of high costs, the development of petroleum, phosphate, and other mineral resources is not a near-term prospect. However, unexploited offshore oil reserves could provide much-needed revenue in the long run. The inequality of income distribution is one of the most extreme in the world. The government and international donors continue to work out plans to forward economic development.

Holidays
Jan 1 - New Year's Day
Jan 20 - Death of Amilcar Cabral(Heroes Day)
Feb 2*- Tabaski (Feast of the Sacrifice)
Mar 8 - International Women's Day
May 1 - Labour Day
Aug 3 - Anniversary of the Killing of Pidjiguoiti
Sep 24 - National(Independence) Day
Nov 14-16* - Korita (end of Ramadan)
Dec 25 - Christmas Day

Ps: Muslim festivals (*) are timed according to local sightings of various phases of the moon and the dates given above are approximations.

Phone Codes

Country Code: 245

Resources

Market Research

CIA - The World Factbook - Republic of Guinea-Bissau
This website indicates a wide range of detail information about Guinea-Bissau by introducing under 8 different fields as its geography, people, government, economy, communications, transportation, military, transnational issues.

About Guinea-Bissau
There is available to find out Guinea-Bissau's general outlook on the issues of its social and business profile, passport/visa, money, accommodation, government, duty free, health and so forth.

Guinea-Bissau Business
Mbendi serves as a directory providing an ultimate African Business Source for the potential investors seeking new business opportunities in Guinea-Bissau including the list of industries for Guinea-Bissau.

U.S. Department of State - Bureau of Consular Affairs - For Republic of Guinea-Bissau
U.S. Bureau of Consular Affairs creates a wide range of research named as Consular Information Sheet about Guinea-Bissau in terms of analyzing its social, political, cultural & economic environments.  

Guinea-Bissau News
There is available to find out Guinea-Bissau business, economic and political news sponsored by Topix.net.

Trade Information

Embassy Index For Guinea-Bissau
There is listed the embassies of the republic of the Guinea-Bissau including the embassies' contact information.

Guinea-Bissau Government Online
It displays the structure of Guinea-Bissau's government by looking at its political units, branches, ministries, embassies and so forth in details.

 
 
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