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.