Development Partners


The Government of Equatorial Guinea has engaged with international development partners and inter-governmental organisations as part of the country’s strategy for sustainable development and attracting global investment. In November 2018 the Government held a conference with a number of development partners and is running a continuous program to advance the strategy “ease of doing business” and to ensure the country is truly engaged with the global community. These development partners include:

The World Bank

The World Bank Group is one of the world’s largest sources of funding and knowledge for developing countries. Its five institutions share a commitment to reducing poverty, increasing shared prosperity, and promoting sustainable development.

With 189 member countries, staff from more than 170 countries, and offices in over 130 locations, the World Bank Group is a unique global partnership with a mission to end extreme poverty by reducing the share of the global population that lives in extreme poverty to 3 percent by 2030 and to promote shared prosperity by increasing the incomes of the poorest 40 percent of people in every country.



African Development Bank

The African Development Bank is a regional multilateral development bank, engaged in promoting the economic development and social progress of its regional member countries.

Its mission is to promote the investment of public and private capital in projects and programmes that are likely to contribute to the economic development of its stakeholders. The bank therefore finances projects run either by the government or the private sector. The AfDB is one of the five major multilateral development banks in the world that provides assistance to its regional member countries with a view to helping them achieve their development goals.

International Monetary Fund

The International Monetary Fund (IMF) was created in 1945 and is an organisation of 189 countries, working to foster global monetary cooperation, secure financial stability, facilitate international trade, promote high employment and sustainable economic growth, and reduce poverty around the world.

The IMF’s primary purpose is to ensure the stability of the international monetary system—the system of exchange rates and international payments that enables countries (and their citizens) to transact with each other. The Fund’s mandate was updated in 2012 to include all macroeconomic and financial sector issues that bear on global stability.



African Union

The African Union was established in 1999 to accelerate the process of integration in the continent to enable it to play its rightful role in the global economy while addressing multifaceted social, economic and political challenges.

The main objectives are to rid the continent of the remaining vestiges of colonisation and apartheid, to promote unity and solidarity among African States, to coordinate and intensify cooperation for development, to safeguard the sovereignty and territorial integrity of member states and to promote international cooperation within the  framework of the United Nations.

Korea Development Bank

Founded in 1954, the state-owned Korea Development Bank has a mission of establishing and fostering the national economy, industries and infrastructure, financial and corporate system.

The Bank has continuously broadened its business scope and gained exceptionally comprehensive expertise in the fields of development finance, corporate banking and corporate structure development.



Singapore Ministry of Trade & Industry

The vision for Singapore is to be a leading global city with a dynamic economy, world-class and innovative enterprises, a conducive environment for entrepreneurs and enterprises to tap its diverse opportunities and good jobs for all Singaporeans.

The mission of the Ministry of Trade & Industry is to promote economic growth and to ensure that Singapore’s economy continues to be competitive, is able to attract investments and nurture a deeper base of global Singapore enterprises.

Korean Development Institute

Founded in 1971, the Korea Development Institute is a leading economic think tank which strives to set new targets for Korea to achieve greater prosperity.

Its mission is to make substantive contributions to the government and society as well as to the public and private sectors by providing timely and effective policy alternatives.  In addition, it maximises its organisational capacity to become an international policy institute that serves as a compass for economic policymakers.



UNDP

Created in 1965, the United Nations Development Programme is the UN’s global development network, advocating for change and connecting countries to knowledge, experience and resources to help people build a better life.

They operate in some 170 countries and territories, supporting their own solutions to development challenges and developing national and local capacities that will help them achieve human development and the Sustainable Development Goals. Their work is concentrated on three main focus areas: sustainable development, democratic governance & peace building and climate & disaster resilience.