Guinean Business Leaders Pledge to Support Economy Despite Coup

(Bloomberg) -- An association of banks, insurance companies and microfinance institutions operating in Guinea pledged on Saturday to support the West African nation’s economy following the Sept. 5 military coup that overthrew President Alpha Conde.

“We are servants of the Republic, that is why we solemnly wish to reiterate our commitment to support and finance all economic players and in an inclusive way,” said Guy Laurent Fondjo, head of the Business Science Institute, at a meeting with the leader of the junta Colonel Mamady Doumbouya.

The meeting was part of national consultations started by the military group that began on Sept. 14 aimed at achieving an inclusive transition in the country. Doumbouya earlier urged the lenders to facilitate access to credit to help revive economic activity.

“We are committed to continuing our work of supporting the Guinean economy for the well-being of Guineans and for the sustainable development of our dear country,” said Fondjo, who is also chief executive officer of Afriland First Bank Guinea.

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