Guinea aims to accelerate the transformation of its economy with the support of the Islamic Development Bank. Attending the institution’s 2026 Annual Meetings in Baku, the Guinean government reaffirmed the importance of this partnership in financing infrastructure and implementing its ambitious Simandou 2040 development programme.
The cooperation portfolio between Guinea and the Islamic Development Bank (IDB) totals cumulative commitments of 1.4 billion US dollars, confirming the institution as the country’s leading multilateral partner in terms of funding volume and disbursements. At the 2026 Annual Meetings, held in Baku, Azerbaijan, the Guinean authorities presented a portfolio of projects estimated at nearly 1.4 billion US dollars. This portfolio focuses primarily on infrastructure development, strengthening the healthcare system and implementing social programmes. The aim is to mobilise further resources to accelerate the delivery of the structural investments set out in the national development strategy.
“Today, this is the largest portfolio of development banks in Guinea. The IDB is the leading partner in terms of both financing and disbursements. The projects cover infrastructure, health and social services. We are truly encouraged by the IDB’s commitment.”
Ismaël Nabé, Minister for Planning and International Cooperation – Guinea
At the heart of this cooperation lies Simandou 2040, the Republic of Guinea’s national programme for socio-economic development and industrial transformation. It comprises 122 mega-projects and 36 reforms, with an estimated funding requirement of over 200 billion dollars over fifteen years. The programme focuses on transport infrastructure, the local processing of mineral resources and the strengthening of national economic integration.
“Simandou 2040, to which I was referring, is a development programme comprising 122 mega-projects and 36 reforms. We need to mobilise more than 200 billion dollars to finance this development plan.”
Ismaël Nabé, Minister for Planning and International Cooperation – Guinea
To realise this ambition, Guinea is accelerating governance reforms and relying on its technical and financial partners. The integrated Simandou project, combining a mine, a railway and a deep-water port, forms the cornerstone of the national strategy. The country will also present its third Voluntary National Review on the SDGs, reinforcing its international commitments to sustainable development.
