Africa Financial Sector Responses to COVID-19 - Guinea

Jul 28, 2020

This page presents measures and initiatives by the Guinean government, national central bank and Development Finance Institutions (DFIs) in support of a resilient domestic financial sector facing the effects of the COVID-19 pandemic.

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Instrument

Institution

Financing volume

Description

Monetary Policy

Central bank of Guinea

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(April 13, 2020) In order to support the financial sector, the Central Bank of the Republic of Guinea (BCRG) has put in place a series of measures including : 
* The reduction of the BCRG's key interest rate by 1 percentage point;
* The implementation of a liquidity injection programme;
* The relaxation of prudential standards for banks and financial institutions.


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