Wednesday, February 19, 2014

President Obiang Addresses Equatorial Guinea's First Economic Diversification Summit

President Obiang Nguema Mbasogo addressed Equatorial Guinea's first economic diversification summit, discussing the country's recent development. He specifically mentioned the national development plan, Horizon 2020, and entering the second phase of the initiative. According to President Obiang, the country experienced significant economic growth due to oil production, which they used to promote infrastructure development as well as social and cultural development. Now, the country is working to expand international investment in the private sector in order to diversify the economy.