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Less oil can be deadly for Equatorial Guinea

Petroleum headquarters of the state-owned GEPetrol in capital Malabo (file photo) Rodrigo A. Nguema/IRIN
Headquarters of the state-owned GEPetrol in capital Malabo (file photo)
The African Development Bank projects a dip in the rate of economic growth in Equatorial Guinea - 4.1 percent in 2009 compared to almost 10 percent in 2007 - based on declining oil extractions, which generated more than 40 percent of the country’s wealth in 2007.

The World Bank has linked shrinking incomes to a spike in infant mortality, predicting that at least 200,000 more babies will die annually in sub-Saharan Africa as a result of the international recession.

Boosted by oil earnings, Equatorial Guinea has the world’s 60th highest per capita income (World Bank, 2007) but its residents have on average only 36 years of  “healthy living,” according to the World Health Organization (WHO).

Maternal and infant mortality rates are comparable to those of its much poorer sub-Saharan neighbours - 124 babies and at least six women per 1,000 births (WHO, 2006).

Read country profile here.

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This article was produced by IRIN News while it was part of the United Nations Office for the Coordination of Humanitarian Affairs. Please send queries on copyright or liability to the UN. For more information: https://shop.un.org/rights-permissions

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