Tanzania Tunisia Zimbabwe Country info Algeria Angola Benin Botswana Burkina Faso Burundi Cameroon Cape Verde Cent. DRC Djibouti Egypt Eq. One of the 20 poorest countries in the world, Guinea Bissau depends mainly on farming and fishing. Cashew crops have increased remarkably in recent years, however, and the country now ranks sixth in the world in cashew production. The country exports fish and seafood along with small amounts of peanuts, palm kernels, and timber.
Rice is the major crop and staple food.
However, intermittent fighting between Senegalese-backed government troops and a military junta destroyed much of the country's infrastructure and caused widespread damage to the economy in 1998. Before the war, trade reform and price liberalisation were the most successful aspects of the country's structural adjustment program under IMF sponsorship. The tightening of monetary policy and the development of the private sector had also begun to reinvigorate the economy and, furthermore, inflation dropped sharply in the first quarter of 1997. In the mining sector, the development of petroleum, phosphate, and other mineral resources is not a near-term prospect due to high costs. 2.The web 3.