IMF ties Equatorial Guinea loan to scrutiny of its leaders

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President and his big-spending son will have to disclose their assets

Teodoro Obiang Nguema Mbasogo. Picture: REUTERS

“Authorities will implement an asset declaration regime for senior public officials as part of the programme’s requirements,” he said by phone from Washington. “It’s our understanding that the law will apply to all senior government officials.” Audits by the government of state-owned oil and gas companies are already under way and should be completed by mid-2020, Lisandro said. All active oil and gas contracts are expected to be made public by March, he said.

 

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