Equatorial Guinea is still waiting for its IMF bail-out
It might come faster if the government did something about corruption
MORE THAN a year after being promised an IMF bail-out, the tiny petrostate of Equatorial Guinea has yet to see most of the money it hoped would revive its economy. Before oil prices slumped in 2014 the country was, on paper, one of Africa’s richest per person. But since the slump it has been weighed down by budget and current-account deficits. Its economy shrank in each of the past six years (see chart).
This article appeared in the Middle East & Africa section of the print edition under the headline “Who will blink first?”
Middle East & Africa January 23rd 2021
- Why it’s hard for Congo’s coltan miners to abide by the law
- After two months of war, Tigray faces starvation
- How Qatar and Turkey came together
- Equatorial Guinea is still waiting for its IMF bail-out
- Disenchanted Iranians are turning to other faiths
- Despite democracy, Tunisians riot
- Egypt’s patisserie police crack down on depraved desserts
From the January 23rd 2021 edition
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