Republic of Equatorial Guinea: First Review under the Staff-Monitored Program-Press Release; and Staff Report

November 12, 2018

Preview Citation

Format: Chicago

Republic of Equatorial Guinea: First Review under the Staff-Monitored Program-Press Release; and Staff Report, (USA: International Monetary Fund, 2018) accessed November 15, 2024

Also available in: español

Summary

In May 2018, the IMF’s Management approved a 7-month Staff-Monitored Program (SMP), covering the period January 1–July 31, 2018. The main fiscal objectives of the SMP are to (i) reduce the budget deficit through non-hydrocarbon revenue mobilization and expenditure reduction while protecting social spending and (ii) address critical weaknesses in public financial management. The program also contains measures to improve the business climate, foster economic diversification, and lay the basis for improving governance and transparency. In addition, the program is providing a framework for bolstering capacity and helping build an adequate track record of performance as the basis for discussions on a potential Fund-supported program later this year.

Subject: Arrears, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration

Keywords: Arrears, CR, Fiscal stance, Governance, Government contract, Growth outlook, Implementation of measure, ISCR, Management of the IMF, Outlook, Program implementation, Public finance

Publication Details

Pages:

60
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/310
Stock No:

1GNQEA2018002
ISBN:

9781484383834
ISSN:

1934-7685

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