Republic of Equatorial Guinea: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Equatorial Guinea

March 25, 2009

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Republic of Equatorial Guinea: 2008 Article IV Consultation: Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for the Republic of Equatorial Guinea, (USA: International Monetary Fund, 2009) accessed November 22, 2024

Summary

Economic growth in Equatorial Guinea recovered sharply in 2007. The opening of a new oil field in late 2006 and a liquefied natural gas facility in mid-2007, supported by increased public infrastructure spending, lifted 2007 economic growth to an estimated 21.4 percent. Executive Directors have welcomed Equatorial Guinea’s recent robust economic performance and sound macroeconomic policies that have strengthened fiscal sustainability. Directors have also welcomed the National Development Plan, which provides an appropriate framework for economic and institutional reforms to diversify the economy and enhance external competitiveness.

Subject: Commodities, Expenditure, National accounts, Oil, Oil prices, Prices, Revenue administration

Keywords: Africa, Central Africa, CR, GDP, Global, Hydrocarbon derivative, Hydrocarbons price, ISCR, Oil, Oil prices, Price assumption, Public spending restraint, Sub-Saharan Africa, U.S. dollar, U.S. dollar-euro exchange rate

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2009/102
Stock No:

1GNQEA2009003
ISBN:

9781451816037
ISSN:

1934-7685

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