Thursday, June 22, 2017

Equatorial Guinea Hosts IMF, Cites Significant Progress on Economic Reforms

The International Monetary Fund (IMF) cited significant progress on Equatorial Guinea’s economic reforms during a recent visit of an IMF staff team.

The IMF highlighted how macroeconomic policies and structural reforms in Equatorial Guinea have been especially productive.

The IMF also expressed support for the Equatorial Guinea plan to become a member of the Extractive Industries Transparency Initiative (EITI). The EITI is a global standard designed to promote open and accountable management of extractive resources in the oil, gas, and mining industries.

The government of Equatorial Guinea is focused on the sustainable development of the country with the Horizon 2020 plan, in line with the United Nations (UN) Millennium Development Goals.

Equatorial Guinea has directed efforts toward diversifying economic sectors away from oil toward agriculture, tourism, fishing, and financial services.

Despite the decline in the global price of oil, Equatorial Guinea has made significant strides over the last two decades to achieve international milestones in literacy, healthcare services, education, and infrastructure development.

Equatorial Guinea has invested heavily to further develop the country’s infrastructure, healthcare and wellbeing, transportation, and education.

The President of the Republic of Equatorial Guinea, Obiang Nguema Mbasogo, along with the Prime Minister, Francisco Pascual Obama Asue, the Minister of Finance, the Minister of Mines and Hydrocarbons, the Secretary of State for the Treasury, and representatives of the private sector, civil society, and diplomatic community, met with the IMF officials.

Wednesday, June 21, 2017

Equatorial Guinea Active at Assembly of American States

The Republic of Equatorial Guinea has been active at the 47th session of the General Assembly of the Organization of American States (OAS), which is being held in Mexico 19 to 21 June.

The Minister for Foreign Affairs and International Cooperation, Agapito Mba Mokuy, and the Equatorial Guinea Ambassador to the United States of America, Miguel Ntutumu Evuna Andeme, attended the Assembly and expressed their appreciation for the support of Latin America in the voting for the United Nations (UN) Security Council.

Equatorial Guinea was recently welcomed as a non-permanent member of the UN Security Council.

Equatorial Guinea, a permanent observer of the OAS, declared its support of the effort to promote dialogue between nations as integral to economic development.

Equatorial Guinea also highlighted its commitment to continue working with the OAS countries to achieve the common objectives outlined during the African, Caribbean, and Pacific Group of States (ACP) and the Africa-South America (ASA) summits held in Sipopo, Equatorial Guinea in 2012 and 2013.

Equatorial Guinea expressed its pride of being part of the Hispanic family and heritage, and that cooperation with OAS is a top priority for the government.

Tuesday, June 20, 2017

Equatorial Guinea Protests Peacefully Against Trial of Vice President

The people of the Republic of Equatorial Guinea staged widespread peaceful protests against the trial of the Equatorial Guinea Vice President, Teodoro Nguema Obiang Mangue, currently underway in the Republic of France.

Equatorial Guineans and high-level officials condemned the accusations against the Vice President, and cited that all alleged activities occurred in Equatorial Guinea, not France, and were permissible under Equatoguinean law.

The General Secretary of the Governing Democratic Party of Equatorial Guinea, Jerónimo Osa Osa Ecoro, said the actions by France are “a direct and head-on attack and threat against international law, the sovereignty of the Institutions of State of the Republic of Equatorial Guinea, and the freedom and dignity of the Equatoguinean People.”

The Prime Minister of the Republic of Equatorial Guinea, Francisco Pascual Obama Asue, said,” The Government of the Republic of Equatorial Guinea considers it unacceptable and inappropriate that French criminal Jurisdiction is violating the basic elementary Principles which constituted a key element in the creation of the UN. The alleged crimes of which the Vice-President of the Republic is falsely accused are supposed to have been committed within national territory. The supposed victim of these crimes, if they had indeed occurred, would be the People of Equatorial Guinea, and as such, the French Courts lack the jurisdiction and Judicial legitimacy to recognize the matter, which has been created in such a Machiavellian manner.”

The National Parliament of the Republic of Equatorial Guinea also rejected the trial against the Vice President, and urged French Courts to “put an end to the process and acts of persecution, harassment, attack, and demolition against the Vice President of the Republic of Equatorial Guinea.”

The prosecution of a sovereign leader by a foreign court is a clear violation of international law, an act which could set a dangerous precedent for any nation to prosecute any leader or national of another country for any reason.

Equatorial Guinea has argued that any disagreement between France and Equatorial Guinea should be discussed through the proper diplomatic channels, rather than criminal court.

Last October, the International Court of Justice in The Hague ruled that property seized by prosecutors in Paris was the property of the government of Equatorial Guinea and not subject to seizure under international law.

Equatorial Guinea has made significant strides over the last two decades to become a beacon of peace, stability, and economic growth in Africa. The country has continued internal investment of resources to further develop healthcare and wellbeing, infrastructure, agriculture, and transportation. Equatorial Guinea has achieved significant international milestones in literacy, healthcare services, education, and infrastructure development.

Equatorial Guinea is active on the international stage as a fully-participating member of the United Nations (UN). The country was recently elected to the UN Security Council.