UNCDF has been present in Guinea since 1982, helping the country meet its development challenges by supporting decentralization and efforts to bolster civic participation in public management.
Today, UNCDF offers “last mile” finance models that unlock public and private resources, especially at the domestic level, to reduce poverty and support local economic development.
The Youth Access to Finance for Employment programme in Guinea, part of a €35 million joint action with UNDP and Enabel, the Belgian development agency, aims to help returning migrants reintegrate into the local economy and find jobs. To do this, UNCDF is working with FINADEV and COFINA, two local financial services providers, to develop and scale up financial and non-financial services, including digital financial education. UNCDF is also working with other partners to make access to credit easier for young people, and with the Central Bank of the Republic of Guinea to disseminate best practices and promote financial inclusion. (2018 – 2022, €2.98 million).
In 2017, the Government of Guinea, the UN Capital Development Fund, the UN Development Programme and the Guinea Chamber of Mines launched the Support for improved governance of mining royalties (AGREM) programme in the communes of the prefectures of Boké and Boffa for a period of 5 years. The AGREM programme aims to promote fair, transparent and accountable practices in the management and use of resources at the local government level for sustainable and inclusive development. UNCDF works to consolidate the decentralization process in Guinea and is recognized as a key technical partner in supporting local communities through the development of tools adapted to the national level and adopted by other stakeholders.
The Local Climate Adaptive Living Facility (LoCAL) welcomed Guinea as the 28th country to begin the design and scoping process. Guinea will commence designing their climate adaptation activities around the LoCAL facility.