ISSN: 2222-6990
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The mining industry is viewed as the backbone of Guinea's economy, due to its significant contribution to tax revenues of the country. Since the Sustainable Development Goals (SDGs) has adopted by the United Nations in 2015, in which the countries have been pursuing the achievement of seventeen (17) of the goals by the year 2030. This study explored the legal implication of foreign direct investment (FDI) in the mining sector of Guinea, which have been considered as one of country’s biggest legal challenges. The aim of this study is to demonstrate Guinea's efforts in achieving SDG 8 (decent work and economic growth) by examining the regulatory framework governing FDI in mining sector. The research used a qualitative methodology, with an empirical evaluation of the body of knowledge on the topic both locally and internationally. The national plan for Guinea's 2015–2020 period noted that the SDGs had been achieved, however, despite this, a difficulty in the FDI framework was exposed by the legal concerns surrounding the SDGs. Additionally, the Guinea mining code 2013 previously underlined the importance of local communities' economic involvement in mining projects. The FDI in the mining sector beneficed international investment agreements (IIAs) protection requirements in the adoption and application of laws and policies. The conclusion of the study highlighted the intention of the Guinean government to show a real concern to end the nation's more than 50 percent poverty rates through a legal and policies implication. It is stated that there is a considerable interest in the mining sector's legal and policy implications for achieving SDG 8 goal of ending poverty in Guinea.
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In-Text Citation: (Keita et al., 2022)
To Cite this Article: Keita, K., Yeon, A. L. B., Razak, A. B. A., & Abdullah, N. A. (2022). Guinea’s Efforts to Achieve the Sustainable Development Goals through Legal Implication on Foreign Direct Investment in Mining Sector: Issues, Challenges and Prospects. International Journal of Academic Research in Business and Social Sciences, 12(11), 2142 – 2153.
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