HORIZON 2020

Equatorial Guinea's development objectives are contained within a broad economic blueprint

HORIZON 2020

In February 2008, HE President Teodoro Obiang Nguema Mbasogo unveiled a historic national economic and social development plan called Horizon 2020, which outlined its main objectives over the next 12 years. The country was dedicated to laying the foundation for economic and social development; transforming infrastructure to strengthen economic competitiveness; improving quality of life; and building good governance.

 

The main priority for public investment policy has been infrastructure and the country has built nearly 2,500 kilometers of roads and several schools and health centers and public buildings throughout the country. As a result, human capital has been a noteworthy beneficiary. Student per classroom rates are now in line with international standards and efforts to eradicate poverty are on track to meet UN Millennium Development Goals.

 

Equatorial Guinea has placed considerable emphasis on good governance as part of Horizon 2020. In 2011, the government introduced constitutional reforms to improve transparency and accountability. This resulted in the creation of a bicameral parliament, a court of auditors, a national ombudsman, the Economic and Social Council and the Council of the Republic. The government also established an anti-corruption judiciary and prosecutor and created the National Agency of Financial Research to honor transparency commitments.

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Date

March 30, 2015

Category

Investment