As Teodorín Obiang had bought a few years ago the Bugatti Veyron 16.4 for about a Million dollars, he may have quickly noticed that this was a mistake. Obiang the dictator’s son and Vice-President of Equatorial Guinea, a country on the West coast of Africa, which the art piece has to be at the same time rich and poor to.
rich, because the gushing Oil revenues, gross brought the country temporarily, the social product of yearly 20’000 dollars per capita. Dirt poor is not it, because many of the slightly more than one Million inhabitants, in truth, have even a few Dollars a day to live on. This has to do mainly with the family of Obiang, who plunders the country. For 40 years, the father ruled the country in the ground.
Against the dictator’s son investigations
The Junior, called “the little Prince running in Switzerland”, has settled with the years, a sizeable car collection, with a focus on Rolls-Royce, Lamborghini and Bugatti; Veyron 16.4, there are just 30 copies. A few months after the purchase of the little Prince might have noticed the error, only to have a rare item bought and not two or three. A mistake that was, fortunately, soon fix.
Meanwhile, car purchases, but has become a bit more difficult. Connoisseurs of his life, noticed on his Instagram profile some time no new Protzwagen was that, at least, not so many new registrations are to be reported.
Equatorial Guinea it is economically bad, the price of Oil drops, and thus the revenue of the state. In addition, corruption make the little Prince all over the world to create investigations. In France, his city has been seized, the house value of 100 million dollars; also in Brazil, Switzerland, and the United States was determined against him, his Villa in Malibu is gone, in Geneva, 25 cars were auctioned. (We reported on this.)
A fact-finding mission of the IMF found nothing, what is against a grant
In this for the ruler of the clan difficult Situation speaks wants to rush to the International monetary Fund (IMF), the Obiangs to help, with a loan of several Hundred million euros. A fact-finding mission of the IMF in Equatorial Guinea was apparently nothing what speaks against a financial help. The small state wants $ 700 million to support the IMF, “the recovery of the economic activities and promote sustainable and inclusive growth”.
look How the economic activities in Equatorial Guinea, we know since decades. “The IMF is not helping a poor country – he saves a country that has wasted its rich resources due to corruption, mismanagement and waste,” says Sarah Saadoun of the Human rights organization Human Rights Watch. Ultimately, the IMF rescues a corrupt ruler of the clique, giving your new game money. In December, the IMF wants to take a final decision on the loan.
IMF world Bank pull out the Teachings not
In the past years, it had become looked to have been learned, the IMF and world Bank from the past would be more careful with regard to the support of corrupt regimes, especially in Africa. This time seems to be over.
Also in the Democratic Republic of the Congo, the two want to be more active, the world Bank, a program hang-up about 5 billion dollars. A sum, which corresponds approximately to half the annual budget of the country.
The use of direct budget support, so the subsidy budget, has come in the development cooperation actually out of fashion, because it encourages corruption and politicians facilitates the handle in the cash. In the Congo, the IMF and the world Bank want to Deposit but apparently in the state budget.
requirement of the new programs to make schooling for millions of children, free of charge, is, among other things, that the Congolese government fours, the fight against corruption intensified. The fight against corruption the political leaders of the Congo have the right to write since independence in 1960 to the flags. Long-time dictator Mobutu Sese Seko was regarded as the inventor of the kleptocracy, he had Golden palaces in the jungle, including runway for the Concorde. Since then, has not changed very much.
to 200 million for a railroad are gone with the wind
to the beginning of The year to the President, Félix Tshisekedi like the less Corrupt, to say he has but little. The majority in Parliament is more in the case of the Clique of Ex-President Joseph Kabila, the ease of the country many billions of dollars, and in the Background pulling the strings. His party Alliance has appointed him straight to the “moral authority” and wants to prepare for his return to the presidency – and thus unhindered access to the flesh pots.
“We are not failed, because there was enough will for Reform.”Jean-Christophe Carret, world Bank country Director of the Congo
One of the last major projects of the world Bank in the Congo was a approximately 200 million-Dollar program to modernize the railway. The money seeped away in the same way as in the two previous tests, in the Congo, something of a regular railway traffic. “We are not failed, because there was enough will for Reform,” said Jean-Christophe Carret, world Bank country Director in Congo, a few days ago. Its consequence is that a much larger utility.
“Who calls out: Stop, thief?”
In the major international institutions do not make the career, to prevent something, but those who manage the largest Budgets. The new billion program is also in the curriculum vitae of Carret good. When the results are evaluated, it will be on the next Post. And the Clique Kabila may well be a few billion richer.
the end of the seventies, the IMF once someone in the Congo, sent, wanted to do things differently, the former German Central banker Erwin Blumenthal. He was sent with the task to the then Zaire, the missing billions from the international community to trace, the traces of which he followed to Europe. Blumenthal had in his office with a motto on the wall: “Serve others, not yourself.”
For large parts of his office visitor of the spell seemed like an exotic Plant. Could change Blumenthal nothing. He wrote a sobering final report, and asked: “Who calls out: Stop, thief?” The question until today.
Created: 23.11.2019, 02:31 PM
