{"id":469325,"date":"2020-12-14T14:43:02","date_gmt":"2020-12-14T13:43:02","guid":{"rendered":"https:\/\/www.kapitalafrik.com\/?p=469325"},"modified":"2020-12-14T14:43:02","modified_gmt":"2020-12-14T13:43:02","slug":"guinea-bissau-receives-12-million-in-support-from-adb","status":"publish","type":"post","link":"https:\/\/www.financialafrik.com\/en\/2020\/12\/14\/guinea-bissau-receives-12-million-in-support-from-adb\/","title":{"rendered":"Guinea Bissau receives $ 12 million in support from ADB"},"content":{"rendered":"<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div><p>Guinea Bissau will receive funding of $ 12 million from the African Development Bank (AfDB) intended to support the economic recovery in Guinea-Bissau within the framework of covid-19.<\/p>\n<p>Since the start of the pandemic, the country has recorded 2,444 positive cases since the start of the pandemic, according to data from the High Commission for Covid-19. The Covid-19 has severely impacted the cashew nut marketing campaign, the country&#8217;s main export product, a sector that employs more than 80% of Guineans directly or indirectly.<\/p>\n<p>For the year 2020, Guinea-Bissau will record negative economic growth of -2.9% in 2020 and internal state revenues have fallen by around 30%, according to Finance Minister Jo\u00e3o Fadia.<\/p>\n<p>In its note, the AfDB indicates that it has approved aid of 172 million dollars in several areas to support President Umaro Sissoco Embal\u00f3 in the years to come, in the implementation of his country&#8217;s development plan.<\/p>\n<div class=\"pdfprnt-buttons pdfprnt-buttons-post pdfprnt-top-bottom-left\"><\/div>","protected":false},"excerpt":{"rendered":"<p>Guinea Bissau will receive funding of $ 12 million from the African Development Bank (AfDB) intended to support the economic recovery in Guinea-Bissau within the framework of covid-19. Since the start of the pandemic, the country has recorded 2,444 positive cases since the start of the pandemic, according to data from the High Commission for<\/p>\n","protected":false},"author":527297,"featured_media":469326,"comment_status":"open","ping_status":"closed","sticky":false,"template":"","format":"aside","meta":{"pmpro_default_level":"","jetpack_post_was_ever_published":false,"_jetpack_newsletter_access":"","_jetpack_dont_email_post_to_subs":false,"_jetpack_newsletter_tier_id":0,"_jetpack_memberships_contains_paywalled_content":false,"translated_post_url_fr":"","_jetpack_memberships_contains_paid_content":false,"footnotes":"","jetpack_publicize_message":"","jetpack_publicize_feature_enabled":true,"jetpack_social_post_already_shared":true,"jetpack_social_options":{"image_generator_settings":{"template":"highway","default_image_id":0,"font":"","enabled":false},"version":2}},"categories":[11996],"tags":[16939,12243,12150],"class_list":{"0":"post-469325","1":"post","2":"type-post","3":"status-publish","4":"format-aside","5":"has-post-thumbnail","7":"category-finance-en","8":"tag-12-million-in-support","9":"tag-adb","10":"tag-guinea-bissau","11":"post_format-post-format-aside","12":"pmpro-has-access"},"yoast_head":"<!-- This site is optimized with the Yoast SEO Premium plugin v21.5 (Yoast SEO v27.4) - https:\/\/yoast.com\/product\/yoast-seo-premium-wordpress\/ -->\n<title>Guinea Bissau receives $ 12 million in support from ADB - Financial Afrik<\/title>\n<meta name=\"description\" content=\"Headed by Adama Wade and his team of 20 journalists, Kapital Afrik offers strategic and financial information to executives and managers. The aim of Kapital Afrik is to provide financial and political news, give priority to human entrepreneurial experiences, lend life to economic policies, givemeaning to statistics. Our \u201cexaggerated pretensions\u201d inspire us. We will strive, and gradually, to conceive, comfort and reach them. Three versions, three approaches and a global vision. The website is constantly on the news. The newsletter relays information every morning to executives, bankers, university financiers, students. The monthly edition analyzes the information and explains the setbacks. A single credo initiates our journalistic approach: information = actors, facts = a pluralistic vision. 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