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Official launch of the Symposium on Economic Diversification in Equatorial Guinea

posted by – January 13th, 2014

Marcelino Owono Edu, the Minister of Finance and Budgets, directed the presentation on the evening of Thursday, January 9, of theĀ Symposium for Economic Diversification for the Emergence of Equatorial Guinea, with a view to the Horizon 2020, in a ceremony that took place in the new headquarters of this department.

The symposium, which is sponsored by the President of the Republic, H.E. Obiang Nguema Mbasogo, has as the main objective to present and inform the national and international sector on investment opportunities offered by Equatorial Guinea in the different strategic non-oil economic sectors. Among other things, it will also provide information about the obstacles that investors may find, as well as the resources to create a more attractive business climate.

During the official launch ceremony, Owono Edu said that the meeting will be of high importance because it will set the course of economic and social development of our country. During his speech he also recalled that in November 2007 the Government adopted the National Plan for Social Development, called Horizon 2020, whose first phase was executed between 2007 and 2012, with the construction of basic economic infrastructures, which allow for the creation of a business climate and promote the development of the national private sector.

The Minister also referred to the second stage of the National Development Plan, which runs from 2013 to 2020, a period referred to as the “emergence phase”, which is precisely dedicated to achieve diversification of the economy, this way obtaining new sources of growth to reduce dependence of the national economy related to the hydrocarbon sector. Economic diversification -he said- will ensure long-term socio-economic growth, and ensure job creation.

TheĀ Symposium on Economic Diversification of the Emergence of Equatorial Guinea, with a view to Horizon 2020, will be an opportunity for investors to explore and discover the immense opportunities in our country and to deal directly with the political and technical representatives on the pillars of the economy, primarily agriculture, livestock, fisheries, petrochemical, mining, tourism and financial services.