Coronavirus: a new disaster to be expected for the oil-producing countries of the Gulf of Guinea

Benjamin Augé

No 2011, Policy briefs on Commodities & Energy from Policy Center for the New South

Abstract: The coronavirus epidemic is weakening even further the economies of the Gulf of Guinea, which have already been particularly undermined by an oil sector that has been in crisis for several years. The rapid fall in oil prices will once again put a strain on systems that fail to reinvent and diversify themselves in order to protect themselves from the shortcomings often seen in windfall economies. In addition to the economic impact, it is likely to see the potential security and political difficulties aggravated by the coronavirus crisis.

Date: 2020-05
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