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“An international trail of staggering corruption follows the president’s son, who is still vice president, including a recent Swiss corruption investigation that turned up two yachts worth $250 million that he uses as pleasure boats but the government said it owns,” said Tutu Alicante, executive director of EG Justice, which promotes human rights and good governance in Equatorial Guinea. “The fact that Equatorial Guinea’s government would rather saddle the public with debt than sell these yachts says a lot about its spending priorities and the real risk that the IMF money will help subsidize the lavish lifestyles of the elite.”
https://www.hrw.org/news/2019/11/21/imf-delay-vote-equatorial-guinea-loan