Five years after the launch in 2002 of the implementation of the first Poverty Reduction Strategy Paper (PRSP I), Guinea is facing a particularly difficult economic and social situation. Over the last 4 years, the average annual economic growth rate has been around 2.3%,
compared to the 5% target initially set in the first PRSP. As for inflation, year-on-year, it fell from 5.4% in 2002 to 39.1% in 2006, thus contributing to a more pronounced deterioration in the purchasing power of populations.