Guinea (Compact with Africa country)

Coverage options are available on a case-by-case basis.

For transactions with public-sector organisations, guarantees from the Ministry of Finance or the central bank are generally required.

Cover facilities are available on a case-by-case basis.

Public sector
Transactions with public buyers are governed by the OECD’s sustainable lending principles.

In addition, cover is available for project financed and other structured finance deals, where necessary based on countertrade transactions.

For transactions with private buyers bank security is required if the foreign buyer’s creditworthiness is inadequate.
For transactions with public buyers a guarantee from the Ministry of Finance or the central bank is always required. For medium/long-term transactions with public buyers additional, project-related risk mitigation measures must be agreed in case of doubt.

For medium/long-term transactions with public buyers which are established as private sector organizations the same collateral requirements as for private buyers apply.

The assessment of a bank for acceptance as a guarantor or borrower is carried out case by case on the basis of informative documents and taking into account the risk involved.

Further information on business practices, the economic climate, market analyses, law, customs and import procedures, as well as international projects and tenders, can be found on the Germany Trade & Invest (GTAI) website or in the Africa Business Guide.

Focus on Africa – A Continent of Opportunities

In order to deepen economic cooperation with Africa and strengthen trade relations, the German Government has approved various improvements to the promotion of foreign trade. For example, as part of the G20 ‘Compact with Africa’ initiative, the scope of cover for transactions with selected countries in sub-Saharan Africa has been further improved.

Further information on this and other supporting measures can be found at a glance on our page: Focus on Africa

All information is provided without guarantee.