IMF panned for plan to keep tyrant in cash
Activists say loan to Obiang of Equatorial Guinea will fund dictator’s power and lifestyle, not the country
24 October 2019 - 18:52
Equatorial Guinea is seeking a loan from the IMF that could help keep afloat a four-decade-old regime accused by prosecutors from the US to France of squandering the tiny African nation’s oil wealth.
The IMF this week gave the green light for a three-year financing programme to help the government of Teodoro Obiang Nguema Mbasogo, the longest-serving president in the world, climb out of a crisis that shrank its economy by a third to $13bn...
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