2024-11-12 21:13:00
In a decree published this Tuesday, November 12, 2024, the President of the Transition, General Mamadi Doumbouya, promulgated the law authorizing the ratification of the credit agreement between the Republic of Guinea and the French Development Agency (AFD).
This is law L2024-018-CNT of July 8, 2024, relating to the financing of the project to improve access to electricity in Forestry Guinea, signed on April 23, 2024 for an amount of 60 million euros.
The duration of this project is 20 years including a grace period of 7 years from its signature. For reimbursement, Guinea will have the possibility of choosing, for each payment, between a fixed interest rate and a variable interest ratethe latter not being able to be less than 0.25% per year. The commitment fee, payable by the Borrower on the undisbursed balance of the loan, will be applied at a rate of 0.5% per year and will begin to accrue from the date of signature of the loan.
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