Washington — The International Monetary Fund (IMF)'s Executive Board should delay a planned December 2019 vote on a US$280 million loan agreement with Equatorial Guinea, eight human rights and good governance organizations and eight prominent experts said today in a letter to the IMF Executive Board. The program preceding the loan agreement and planned conditions for the loan are insufficient to address deep-rooted rights violations, corruption, and related impunity in Equatorial Guinea in line with IMF requirements.
The organizations are Center for Development Studies and Initiatives in Equatorial Guinea (CEIDGE), EG Justice, Human Rights Watch, Natural Resource Governance Institute, Global Witness, Amnesty International, Publish What You Pay, and Oxfam. They are joined by all eight Extractive Industries Transparency Initiative (EITI) Civil Society Board members.
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