NGUEMA MBASOGO]; Party for Progress
of Equatorial Guinea or PPGE [Severo MOTO]; Popular Action of Equatorial
Guinea or APGE [Miguel Esono EMAN]; Popular Union or UP [Andres Moises Bda
ADA]; Progressive Democratic Alliance or ADP [Victorino Bolekia BONAY];
Union of Independent Democrats of UDI [Daniel OYONO]
Political pressure groups and leaders: NA
International organization participation: ACCT, ACP, AfDB, BDEAC,
CEEAC, CEMAC, ECA, FAO, FZ, G-77, IBRD, ICAO, ICRM, IDA, IFAD, IFC,
IFRCS, ILO, IMF, IMO, Interpol, IOC, ITU, NAM, OAS (observer), OAU,
OPCW, UN, UNCTAD, UNESCO, UNIDO, UPU, WHO, WIPO, WToO, WTrO (applicant)
Diplomatic representation in the US: chief of mission: Ambassador Teodoro
BIYOGO NSUE chancery: 2020 16th Street NW, Washington, DC 20009 FAX:
[1] (202) 528-5252 telephone: [1] (202) 518-5700
Diplomatic representation from the US: chief of mission: Ambassador
George McDade STAPLES; note - the US does not have an embassy in
Equatorial Guinea (embassy closed September 1995); the US ambassador to
Cameroon is accredited to Equatorial Guinea; the US State Department is
considering opening a Consulate Agency in Malabo
Flag description: three equal horizontal bands of green (top), white,
and red with a blue isosceles triangle based on the hoist side and the
coat of arms centered in the white band; the coat of arms has six yellow
six-pointed stars (representing the mainland and five offshore islands)
above a gray shield bearing a silk-cotton tree and below which is a
scroll with the motto UNIDAD, PAZ, JUSTICIA (Unity, Peace, Justice)
Economy Equatorial Guinea
Economy - overview: The discovery and exploitation of large oil reserves
have contributed to dramatic economic growth in recent years. Forestry,
farming, and fishing are also major components of GDP. Subsistence
farming predominates. Although pre-independence Equatorial Guinea
counted on cocoa production for hard currency earnings, the neglect
of the rural economy under successive regimes has diminished potential
for agriculture-led growth (the government has stated its intention to
reinvest some oil revenue into agriculture). A number of aid programs
sponsored by the World Bank and the IMF have been cut off since
1993 because of corruption and mismanagement. No longer eligible for
concessional financing because of large oil revenues, the government
has been unsuccessfully trying to agree on a "shadow" fiscal management
program with the Wo
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