IMF: Delay Vote on Equatorial Guinea Loan

Expand International Monetary Fund headquarters, seen during IMF-World Bank annual meeting in Washington, DC, on October 18, 2019. © 2019 Yuri Gripas / Sipa via AP Images (Washington, DC) – The International Monetary Fund (IMF)’s Executive Board should delay a planned December 2019 vote on a US$280 million loan agreement with Equatorial Guinea, eight human rights and good governance organizations and eight prominent experts said today in a letter to the IMF Executive Board. The program preceding the loan agreement and planned conditions for the loan are insufficient to address deep-rooted…

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