President receives delegation from IMF and Turkish Ambassador

On 18th September the Head of State, H. E. Obiang Nguema Mbasogo, met a delegation from the International Monetary Fund, led by Lisandro A�brego, head of the IMF mission for Equatorial Guinea. In addition, on the same day, the President granted an audience to Sebnem Cenk, Ambassador from the Republic of Turkey.

The topics of the first meeting, which was attended by the current executive from the Department of Finance, the Economy and Planning, led by Cesar Augusto Mba Abogo, focussed on the consolidation of macroeconomic and fiscal stability in the Republic of Equatorial Guinea.

Before the media, Lisandro A�brego said that they had met the President of Equatorial Guinea in order to carry out a final review of the programme monitored by personnel from the IMF. This is the first step in a new phase consisting in the negotiation of a three-year programme covering financial assistance for the country by the IMF. Along those lines, the dialogue with the Head of State focussed on the contents of the programme in the area of macroeconomic policy and on structural and institutional reforms, according to the head of the mission.

During the audience they also spoke about the recommendations made by the IMF to the Malabo Government which, in the opinion of A�brego, will contribute towards the consolidation of macroeconomic stability in the country, within the framework of the process of reactivation and economic diversification, and will also strengthen the nation’s institutions. All that could lead to greater growth, which would benefit the Equatoguinean population in general, stressed Lisandro A�brego.

The IMF has a basic aim, which is to promote stability in the international monetary system.

With Sebnem Cenk, Ambassador from the Republic of Turkey, the Head of State and Government discussed bilateral matters uniting Ankara and Malabo.

We spoke about bilateral matters and the possibility of strengthening the relations of friendship that exist between the two countries. Turkey has the political will to update and extend the level of cooperation between Turkey and Equatorial Guinea”, declared the diplomat before the press.

This was the first audience granted by the President of the Republic to the Ambassador from the Republic of Turkey, since he presented his credentials during the third quarter of 2018.

In this latest audience, the Head of State was accompanied by the Minister for Foreign Affairs, Simeon Oyono Esono.

Source: Equatorial Guinea Press and Information Office

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