As of June 1990, the government of Guinea-Bissau took new steps to encourage additional domestic and foreign investment. While key telecommunications, electricity, and infrastructure sectors remained under state control, others were to be privatized, including the brewery, the fishing industry, and the "people's shops" for retail trade. Bilateral and multilateral investment programs continue in each of the key productive sectors.
Guinea-Bissau already low level of foreign direct investment (FDI) inflows ($11 million in 1997), fell further with outbreak of civil war in 1998. FDI inflows were $4.4 million in 1998 and $8.6 million in 1999. With the return of an elected government in 2000, FDI inflows improved to $23 million in 2000 and $30 million in 2001.