Equatorial Guinea
Section 4. Corruption and Lack of Transparency in Government
While the law provides severe criminal penalties for official corruption, the government did not effectively implement the law. Officials frequently engaged in corrupt practices with impunity. There were numerous reports of government corruption, as the president and members of his inner circle continued to amass personal fortunes from the revenues associated with monopolies on all domestic commercial ventures, as well as timber and oil exports. Corruption at all levels of government was a severe problem.
According to Freedom House, the budget process was “opaque.” The government continued to improve fiscal transparency, including auditing state-owned enterprises and public debt using international accounting firms and publishing data on public-sector debt in the budget.
In July authorities arrested 13 officials of the treasury for allegedly stealing more than $500,000. As of November all awaited trial. In September authorities removed the minister and top leadership at the Ministry of Agriculture, Livestock, Forestry, and Environment for corruption because they did not stop illegal logging on the mainland.
Financial Disclosure: The constitution and law require public officials to declare their assets to the National Commission on Public Ethics, although no declarations were made public. The government did not effectively enforce the law. There are no formal procedures to control submission of asset disclosures and no penalties for noncompliance. In July the government ordered officials to declare their assets, effectively notifying the public that many public officials did not comply with the law.