Head of State receives Head of IMF Mission

A senior delegation from the International Monetary Fund (IMF), led by Lisandro Abrego, has been in the Republic of Equatorial Guinea since 26th November, in order to discuss and analyse the economic situation and public finance, together with progress regarding the Monitoring Programme for Equatoguinean technical Personnel in the economic and finance sectors.

The President of the Republic, head of State and the Government, H. E. Obiang Nguema Mbasogo, received members of the delegation at the people’s Palace, at a meeting attended by Christian Henn, IMF representative for Equatorial Guinea; the Vice-Minister for the Economy, Finance and Budgets, Valentin Ela Maye, and the Secretary of State, Charged with the Treasury, Milagrosa Obono Angue.

During the conversations, they evaluated the measures taken by the country in aspects relating to the General State Budgets for 2019, which are in the approval phase in National Parliament.

The working agenda for the seven-day visit by the IMF leader will also include a review, with the competent State bodies, of the programmes and perspectives to negotiate plans and goals that the country shares with the IMF.

The Head of the Mission also declared that his organisation welcomed and recognised the efforts of the Government to reduce the fiscal deficit, following the drop in oil prices in 2014, which led various nations into a tough economic crisis, and the fact that since 2016, 2017 and the first seven months of 2018, the country has seen steady progress in economic growth.

The audience also covered other issues outside the realms of finance, such as economic growth in non-petroleum sectors.

Source: Equatorial Guinea Press and Information Office

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