Guinea - Financial Sector Modernization Support Project (PAMSFI)

The Financial Sector Modernization Support Project (PAMSFI) is designed to strengthen the capacities of the Central Bank of the Republic of Guinea (BRCG) to modernize its management tools in order to effectively support financial sector development. This will be implemented over the 2017-2019 period so as to better meet the growing financing needs of the country’s economic activities. The project is focused on two main components. The first component aims to modernize financial infrastructure through the establishment of a reporting and supervision system for the banking and microcredit sectors and support for operationalization of an interbank e-money system. The second component concerning the development of the financial market will provide support for implementation of the exchange rate policy by establishing an interbank Forex dealing room and improving the mobilization of long-term resources to finance economic activities through the establishment of a stock exchange.