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EQUATORIAL GUINEA SEEKS TO EXPAND SOCIAL DEVELOPMENT PROGRAMS

AND COOPERATION WITH USAID

Prime Minister Meets with Regional USAID Representative to Discuss Progress and Expansion
of Social Development Fund

MALABO (November 4, 2010) – As part of Equatorial Guinea’s (República de Guinea
Ecuatorial) efforts to boost social development and move the country toward an emergent
economy, the government is seeking further cooperation with the United States Agency for
International Development (USAID). In a meeting between Ignacio Milam Tang, prime minister
of Equatorial Guinea and Henderson Patrick, regional director for the West African mission of
the USAID, the two discussed progress on projects started in 2005 and the continuity of technical
assistance from the development agency.

Click here to see the latest videos of development projects across the country, including the
new airport and port facilities on Annobón.

In 2005, the government of Equatorial Guinea established a fund for social development to
support the government in the implementation of programs across various sectors, including
Education, Fishing, Health, Social Affairs and the Promotion of Women, as well as Planning and
Economic Development. The Prime Minister is the president of the Administrative Council of
the Social Development Fund, while Mr. Patrick is in charge of supporting the execution of
social development programs paid for by the fund. This fund is fully funded from the country’s
oil revenues and is supported by technical expertise from USAID.

During the course of the meeting, Prime Minister Milam Tang discussed the present state of the
social programs and the approval of other new investments during the next three years. The
Administrative Council of the Social Development Fund recently decided that the government
would free up funds to finance a total of 18 new projects, within the departments of Fishing and
Environment, and Internal Affairs and Local Cooperation.

Earlier this year, President Teodoro Obiang Nguema Mbasogo, during his address to the 2010
TIME/Fortune/CNN Global Forum in Cape Town, committed to investing in the country’s
various social development programs and vowing to enhance the existing Social Development
Fund that uses oil resources for the benefit of the people of Equatorial Guinea.

Through the fund, Equatorial Guinea is investing in schools, teachers, health care, tourism,
housing, potable water supply, road infrastructure, telecommunications, development of natural
sciences, job creation and development of democratic institutions.

The country has already made significant progress in various areas including education and
health. A national university has been created, the first university with campuses in Malabo and
Bata, with programs in arts and social science, medicine and the environment. In 2008, the
Medical School graduated 110 new physicians in Bata. Scholarship programs have also been
established with universities in the United States, Cuba, China, Morocco, Russia, Ukraine, Egypt
and Senegal. In regard to health, President Obiang described two new modern hospitals with
advanced technology in Malabo and Bata that opened to prevent the need to transfer patients to
Europe and the renovation of old hospitals to protect the health of the population. In 2009, the
government made expenditures in excess of 1 billion dollars to develop the social sector,
including investments in health, education and housing.

The minister of internal affairs and local cooperation, Clemente Engonga Nguema Onguene, the
minister of external affairs, international cooperation and francophonie, Pastor Micha Ondo Bilé,
and the United States ambassador in Equatorial Guinea, Alberto Fernandez, were among the
other guests present during the meeting.

About Equatorial Guinea
The Republic of Equatorial Guinea (República de Guinea Ecuatorial) is the only Spanish-
speaking country in Africa, and one of the smallest nations on the continent. In the late-1990s,
American companies helped discover the country’s oil and natural gas resources, which only
within the last five years began contributing to the global energy supply. Equatorial Guinea is
now working to serve as a pillar of stability and security in its region of West Central Africa. The
country will host the 2011 Summit of the African Union. For more information, visit
http://www.guineaecuatorialpress.com.

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This has been distributed by Qorvis Communications, LLC on behalf of the Republic of Equatorial Guinea. More
information on this relationship is on file at the United States Department of Justice, Washington, D.C.