"On behalf of the IMF, I would like to welcome you to this workshop. Let me first thank President Mbasogo and the authorities of Equatorial Guinea for hosting this event. I would also like to thank all participants of this workshop for your interest in the subjects of transparency and accountability. Your presence here is yet another sign of the continuing focus being paid to good governance in the region.

The workshop today features as themes the twin concepts of "transparency" and "accountability." These concepts are important pillars of democratic governance in modern societies. However, in thinking about what I should say today, it occurred to me that, in my native Spanish language, there is no word that single-handedly captures the meaning of the Anglo word "accountability."..."

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