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Vol 53 No 21

Published 19th October 2012


A poverty of strategy

The President and his ministers respond to criticism of their economic policy by changing the goals but little else

Stung by accusations that he and the governing elite have squandered the country’s oil wealth with nothing to show for their three decades in power, President Denis Sassou-Nguesso has ramped up his government’s economic goals. Massive infrastructure development and capital-intensive prestige projects are what he has in mind but he is paying little attention to lasting growth in an oil state whose domestic economy is feeble.

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