Republic of Equatorial Guinea: 2012 Article IV Consultation: Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the Government

March 28, 2013

Preview Citation

Format: Chicago

Republic of Equatorial Guinea: 2012 Article IV Consultation: Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the Government, (USA: International Monetary Fund, 2013) accessed November 23, 2024

Also available in: español

Summary

This 2012 Article IV Consultation highlights Equatorial Guinea’s economic developments and policies. The IMF report focuses on setting priorities that include strengthening fiscal institutions, developing public services, and enhancing governance to push the economic growth. The hydrocarbon sector has continued to be the main driver of the economy, accounting for about three-quarters of estimated GDP. It suggests that a commitment to regular publication and international quality standards would stimulate long-delayed improvements. The prospect of falling hydrocarbon revenues adds urgency to the case for a medium-term fiscal framework.

Subject: Capital spending, Expenditure, Fiscal policy, Fiscal stance, Public financial management (PFM), Revenue administration

Keywords: Capital spending, CR, Diversification initiative, Fiscal stance, Global, Government of the Republic of Equatorial Guinea, IMF's commendation, ISCR, Poverty reduction initiative, Social policy formulation, Standard of living, Sub-Saharan Africa

Publication Details

Pages:

56
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2013/083
Stock No:

1GNQEA2013001
ISBN:

9781484351604
ISSN:

1934-7685

Notes

Also Available in Spanish

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