Economic diversification is crucial for unlocking new sources of growth in Equatorial Guinea, says new report
Economic diversification away from oil, investing in its people and strengthening institutions are crucial for stemming economic decline in Equatorial Guinea, says the World Bank in its latest Country Economic Memorandum report on the country. The decline in the country’s oil revenues, combined with past shortfalls in diversifying the economy, has resulted in a prolonged recession, reversed economic gains, and jeopardized social progress. Equatorial Guinea’s abundant oil resources propelled […]