The government of Equatorial Guinea has heavily invested its oil revenues in the country by focusing on improving education, developing human capital and diversifying its economy. Education has been a top priority for the government in Equatorial Guinea. The country has an adult literacy rate of nearly 100%--the highest in Africa. Since 1979, citizens of Equatorial Guinea have received more than 500,000 scholarships to study in universities and professional and technical-training programs outside the country. This figure includes multiple scholarship recipients and people who have remained outside the country.
The Horizon 2020 Plan, set in motion by President Obiang in 2007, has five major goals: Invest in strengthening economic growth; Strengthen the development of structured investments; Promote and strengthen the development of social policy actions; Ensure a transparent social climate; Develop the prospects for better monitoring and evaluation of poverty and living conditions of households.
Equatorial Guinea has donated $30 million XAF to the Food and Agriculture Organization (FAO) to fight hunger on the African continent, $2 million and $36 million to the World Health Organization (WHO) to fight Ebola and research the Malaria vaccine, respectively, and $3 million to United Nations Educational, Scientific and Cultural Organization (UNESCO) to combat endemic diseases such as Ebola, Malaria, and Tuberculosis.
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 has also transformed into a premier place to host major events.