Francisco Asue reappointed as Prime Minister of Equatorial Guinea.

Aug 20, 2020

Francisco Asue reappointed as Prime Minister of Equatorial Guinea.

Francisco Asue was reappointed as prime minister of Equatorial Guinea. The Central African oil producer is suffering a double economic shock linked to the coronavirus pandemic and a drop in the price of crude, which provides around three-quarters of state revenues. The country's economy has struggled to recover from a recession caused by a 2014 slump in oil prices and is expected to contract by a further 5.5% in 2020, according to International Monetary Fund figures.