The European Union says it has agreed to re-launch €174.3 million in development funds to Guinea.
The move comes after the West African nation finally set a date for long-delayed legislative elections.
The announcement on Friday said Guinea's government had "presented a credible timetable for the organization of legislative elections."
The head of Guinea's electoral commission announced earlier this month that the vote will go ahead in May, though 10 members of the 25-member body later released a statement criticizing the move.
The West African country has not had a functioning parliament for four years, and only held its first democratic presidential election in 2010.