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Equatorial Guinea is Investing Its Resources in Improving Lives and Creating Opportunities, says Ambassador

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SOURCE Republic of Equatorial Guinea

WASHINGTON, May 19, 2014 /PRNewswire-USNewswire/ -- The government of Equatorial Guinea has heavily invested its oil revenues in the country by focusing on improving education, developing human capital and diversifying its economy, Equatorial Guinea's Ambassador to the United States, Ruben Maye Nsue Mangue, said in a recent interview with Focus Washington.

Ambassador Nsue Mangue called improved education one of his country's most important accomplishments since independence. "Since 1979, the government committed to develop professional education and human development. When we gained our independence, we did not have any universities, but now we have two universities, and the president is building another university in the new town of Oyala."

Education has been a top priority for the government. Equatorial Guinean has an adult literacy rate of nearly 100%--the highest in Africa.. Since 1979, citizens of Equatorial Guinea have received more than 500,000 scholarships to study in universities and professional and technical-training programs outside the country. This figure includes multiple scholarship recipients and people who have remained outside the country.

The West African nation has also experienced significant economic growth, and it has learned how to best use its oil revenues from the positive and negative experiences of other countries.

"When we discovered oil in 1992, we learned from the mistakes from other countries…," Ambassador Nsue Mangue said. "In 1997, the country organized the first economic conference, which was really a national consultation with all governments, political parties, civil society and community leaders to know how effectively and efficiently we could use the oil revenues. The first national economic conference established the goal of building human capacity, education and basic infrastructure for the development of our country."

The country subsequently moved to a more comprehensive development plan that could be financed through oil revenues once extraction began producing sufficient revenue. The infrastructure and economic diversification the country has experienced in recent years are established in the Horizon 2020 development plan, which was established in 2007 to diversify its economy.

Rapid development creates its own need for adjustment and reform, and Equatorial Guinean President Obiang Nguema Mbasogo has made legal reform a priority, including a new constitution that modernized the institutions of government.

"With this new constitution, we have the Senate, the Council of Republic, the Supreme Council of judiciary power, the Ombudsman, the socio-economic council of the Republic and the Court of Accounts" he said.

Equatorial Guinea's success has encouraged many African leaders to visit the country and consult with the government on development strategies, but Equatorial Guinea offers advice with a light hand.

"We cannot impose other countries to follow our model," Ambassador Nsue Mangue said. "Equatorial Guinea's advice should be that every country sees its reality and also to seek good partners."

Equatorial Guinea has achieved many of its goals because of the country's unity and the good relationships it enjoys with its partners. "We have worked altogether regardless of our political orientation, and we have found good international partners like the United States, American government and American private companies."

Equatorial Guinea and the United States enjoy good bilateral relations, he says, and the two governments work together well. "I have been well received by the State Department and we [the Embassy] are working together on issues of mutual concern to both our countries and people," he said.

About Equatorial Guinea
The Republic of Equatorial Guinea (República de Guinea Ecuatorial) is the only Spanish-speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s, American companies helped discover the country's oil and natural gas resources, which only within the last five years began contributing to the global energy supply. Equatorial Guinea is now working to serve as a pillar of stability and security in its region of West Central Africa. The country hosted the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.

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