Republic of Equatorial Guinea: 2012 Article IV Consultation: Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the Government
IMF Staff Country Reports, March 28, 2013
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- Republic of Equatorial Guinea: 2012 Article IV Consultation: Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the Government
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Bibliographic details
- Published: March 28, 2013
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484351604.002
Executive summary and key findings
- 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.
Policy priorities and recommendations
- Strengthening fiscal institutions.
- Developing public services.
- Enhancing governance to support and sustain economic growth.
- Commitment to regular publication and adherence to international quality standards to stimulate improvements.
- Establishing a medium-term fiscal framework in light of the prospect of falling hydrocarbon revenues.
Subject focus and thematic coverage
- Subject areas: Capital spending, Expenditure, Fiscal policy, Fiscal stance, Public financial management (PFM), Revenue administration.
- Keywords included in the report: 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.