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World’s Longest-Serving Ruler Must Reveal His Assets for an IMF Bailout
Equatorial Guinean President Teodoro Obiang Nguema Mbasogo, the world’s longest-serving ruler, must declare his assets before the nation receives more financial support, according to the International Monetary Fund. The central African nation needs an IMF bailout to deal with a crisis that shrank its economy by a third to $13 billion last year. Under a program agreed last week, the state will be required to increase transparency, improve governance and implement reforms to fight corruption, Lisandro Abrego, the lender’s mission chief for Equatorial Guinea, said in an interview. “Authorities will implement an ... (full story)