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- Title
EQUATORIAL GUINEA: IMF Loan.
- Abstract
On December 18th, 2019, the Executive Board of the International Monetary Fund (IMF) approved a three-year arrangement under the IMF's Extended Fund Facility (EFF) for Equatorial Guinea in an amount of about US$282.8m. I AFP i comments that the IMF loan was made despite protests by rights monitors who cited sweeping misrule and corruption in the central African country. "The IMF loan should force Equatorial Guinea to undertake deep reforms in the way the country exploits its natural resources", said Sarah Saadoun, a researcher at HRW.
- Subjects
EQUATORIAL Guinea; LOANS; NATURAL resources; CORRUPTION lawsuits; GOVERNMENT lending; ECONOMIC development
- Publication
Africa Research Bulletin: Economic, Financial & Technical Series, 2020, Vol 56, Issue 12, p22834C
- ISSN
2053-227X
- Publication type
Article
- DOI
10.1111/j.1467-6346.2020.09305.x