President Obiang Reaffirms Support For African Peer Review Mechanism

MALABO, Equatorial Guinea, June 26, 2014 /PRNewswire-USNewswire/ -- President Obiang reaffirmed the interest of his country in continuing with the guidelines established in the African Peer Review Mechanism (APRM) and developing projects to help member countries develop more modern, economies, enjoy sustainable development, and establish modern and transparent legal and regulatory structures.

He made his remarks during the 21^st Forum of the Heads of State and Governments at the annual African Union Summit in Malabo, Equatorial Guinea's capital. Ellen Johnson Sirleaf, President of Liberia and President of APRM, also chaired the forum and explained the work that the organization has carried out to help bring African nations' laws into compliance with the guidelines.

The APRM was established by the African Union in the framework of the implementation of the New Partnership for Africa's Development (NEPAD). APRM aims to foster the adoption of policies, standards and practices that lead to political stability, high economic growth, sustainable development and accelerated sub-regional and continental economic integration through experience sharing and reinforcement of successful and best practices, including identifying deficiencies and assessment of requirements for capacity building.

Today, President Obiang closed the session of the Assembly of Heads of State of the African Union (AU). The secretary general of the United Nations, Ban Ki-moon, Egyptian President, Abdel Fatah El-Sissi, Prime Minister of Spain, Mariano Rajoy, among others joined President Obiang during the opening ceremony.

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 hosted the 2011 Summit of the African Union. For more information, visit http://www.guineaecuatorialpress.com.

SOURCE Republic of Equatorial Guinea

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