Equatorial Guinea oil wealth 'squandered and stolen'

Equatorial Guinea’s mismanagement of its oil wealth has contributed to the chronic underfunding of its public health and education systems in violation of its human rights obligations, Human Rights Watch (HRW) has said.

HRW said in an 85-page report that the government spent only 2 to 3 per cent of its annual budget on health and education in 2008 and 2011, the years for which data is available, while devoting around 80 per cent to sometimes questionable
large-scale infrastructure projects.