The central African country needs an IMF bailout to deal with a crisis that shrank its economy by a third to $13 billion last year. Under a program agreed to last week, the state will be required to increase transparency, improve governance and implement reforms to fight corruption, Lisandro Abrego, the lender’s mission chief for Equatorial Guinea, said in an interview. Public Policy 

African Leader must reveal assets before IMF approves aid to his country

Equatorial Guinea’s leader Teodoro Obiang Nguema Mbasogo, the world’s longest-serving president, should declare his assets before the nation receives more financial support, according to the International Monetary Fund. The central African country needs an IMF bailout to deal with a crisis that shrank its economy by a third to $13 billion last year. Under a program agreed to last week, the state will be required to increase transparency, improve governance and implement reforms to fight corruption, Lisandro Abrego, the lender’s mission chief for Equatorial Guinea, said in an interview. “Authorities…

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Business News 

Liberia’s Finance Minister Heads Delegation to World Bank

By Bridgett Milton The Liberian Government delegation to the 2013 annual meetings of the World Bank and the International Monetary Fund (IMF) in Washington DC has concluded with various high-level meetings, geared towards accelerating infrastructure development in Liberia. According to a press release, this year’s Annual Meetings were meant to follow up on the Agenda for Transformation which also took place last year. The meetings, which also included officials from the Ministry of Finance, Public Works and the Central Bank of Liberia, took stock of progress made on targets set in…

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