ABSTRACT

At the end of the second millennium, the young nation of Guinea-Bissau is on an inflexion point of its economic history. The country recently went through a severe political and military crisis, causing extensive material damage, reorienting public expenses, interrupting investments, and generally affecting economic activity negatively. Crises like this force us to rethink the problems and options faced by the country. Reconstruction will take place in a different political and institutional framework. Thus, it is necessary to discuss the institutional framework and reexamine the main lines of development followed until now. On the other hand, a new situation opens new spaces to the design and implementation of economic and development policy. The discussion of the main problems and options faced by Guinea-Bissau today is the main aim of this chapter.