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.

InFocus

Follow AllAfrica

AllAfrica publishes around 500 reports a day from more than 100 news organizations and over 500 other institutions and individuals, representing a diversity of positions on every topic. We publish news and views ranging from vigorous opponents of governments to government publications and spokespersons. Publishers named above each report are responsible for their own content, which AllAfrica does not have the legal right to edit or correct.

Articles and commentaries that identify allAfrica.com as the publisher are produced or commissioned by AllAfrica. To address comments or complaints, please Contact us.