IMF Approves Loan to Equatorial Guinea Amid Corruption Scandals

The International Monetary Fund has approved loans for Equatorial Guinea after a French court convicted Vice President Teodorin Nguema Obiang, son of President Teodoro Obiang, of laundering more than €150 million in France two years ago - this despite rights groups asking for a delay in the issuing of the loans.

President Teodoro Obiang of Equatorial Guinea at the 17th Ordinary Africa Union Summit.

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