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.