Presentation of book “Equatorial Guinea, how to escape the current crisis”.

The writer Estanislao Don Malavo presented his first book on the current economic crisis on 20th April. The event took place at the Hilton Hotel in Malabo, in the presence of various figures from the Government and institutions.

The presentation began with an introduction of the author and his academic and working background, by the moderator and organiser of the event, Librada Ela Asumu.

Estanislao Don Malavo began his speech by expressing his gratitude to the President of the Republic, H. E. Obiang Nguema Mbasogo, for the enormous amount of work done in the last decade and a half, through giving the country significant economic infrastructures, which have placed Equatorial Guinea in an enviable position within the subregion.

Secondly, the author mentioned his uncle JesA�s Buendi, the first economist and frost Governor of the Equatorial Guinea Central Bank following national independence.

The book looks at the causes of the crisis and over 43 measures and new ideas in order to escape it. The author aims to show that, although this crisis has been felt by all CEMAC countries, it has affected Equatorial Guinea in a very particular manner.

It also provides a diagnosis of the factors which determine the historic reasons or the colonial heritage, the 17 precursor causes and the fall in the price of oil from 2014.

In addition, it refers to the economic boom, as the period of greatest economic growth in Equatorial Guinea in the half century since independence.

Don Malavo lists ideas for escaping the crisis, which could reactivate the economy, create thousands of direct and indirect jobs, and create new income for the State.

The lawyer Sergio Abeso Tomo commented on the book from a legal perspective, and the Rector of the University of Equatorial Guinea, Filiberto Ntutumu, did the same from the university point of view. The meeting concluded with debates, signings and dedications, and a cocktail.

Source: Equatorial Guinea Press and Information Office

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