EQUATORIAL GUINEA: BRACING FOR IMPACT OF THE COVID-19 CRISIS AND OIL PRICE DROP
Thu, 26 March 2020
Anticipating a ‘critical impact’ on its political and economic risk outlook according to EXX Africa’s COVID-19 impact assessment model, Equatorial Guinea is offering support to the oil industry and has shut its borders. Such measures will not be sufficient to stave off further economic decline and political instability, although an IMF programme will offer some support on balance of payments.
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