The Republic of Equatorial Guinea outlined its strategic
vision for the Horizon 2020 national economic development plan at the
Democratic Party of Equatorial Guinea (PDGE) congress.
The Equatorial Guinea strategic vision for Horizon 2020 will
focus on revision of the current plan to focus on economic diversification and
strength; creation of measures to improve the business climate, improve
economic competitiveness, and business-related laws; and implementation of a
National Panel of Experts.
Equatorial Guinea has made significant strides in recent
years in regards to development due to the Government-led initiative, including
an increased rate of education, in particular for young women; a decreased rate
of infant mortality; increased access to safe drinking water and sanitation;
and widespread access to technologies such as broadband internet.
Equatorial Guinea has also invested its resources in
infrastructure, including the construction of roads, bridges, ports, airports,
housing, public buildings, electrification, and telecommunications, among
others.
The Horizon 2020 development plan is a Government-led
initiative that seeks to diversify Equatorial Guinea’s economy from energy to
other sectors such as transportation, infrastructure, farming, and fisheries.
