Republic of Equatorial Guinea Staff-Monitored Program

In 2014, like other CEMAC countries, Equatorial Guinea (EG) was hit hard by the plunge in oil prices. Since then, oil prices have partially recovered, but this has been offset by a rapid trend decline in hydrocarbon output, which peaked in 2008. These factors, along with business environment weaknes...

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Bibliographic Details
Corporate Author: International Monetary Fund African Dept
Format: eBook
Language:Spanish
Published: Washington, D.C. International Monetary Fund 2018
Series:IMF Staff Country Reports
Subjects:
Online Access:
Collection: International Monetary Fund - Collection details see MPG.ReNa
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245 0 0 |a Republic of Equatorial Guinea  |b Staff-Monitored Program 
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300 |a 79 pages 
651 4 |a Equatorial Guinea, Republic of 
653 |a Revenue 
653 |a Debt 
653 |a Exports and Imports 
653 |a Public Finance 
653 |a Debts, Public 
653 |a Public financial management (PFM) 
653 |a International Lending and Debt Problems 
653 |a Debt Management 
653 |a Debts, External 
653 |a National Government Expenditures and Related Policies: General 
653 |a Sovereign Debt 
653 |a Fiscal Policy 
653 |a Public finance & taxation 
653 |a International economics 
653 |a Taxation, Subsidies, and Revenue: General 
653 |a Fiscal policy 
653 |a Fiscal stance 
653 |a Macroeconomics 
653 |a Arrears 
653 |a Public debt 
653 |a Finance, Public 
653 |a Revenue administration 
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520 |a In 2014, like other CEMAC countries, Equatorial Guinea (EG) was hit hard by the plunge in oil prices. Since then, oil prices have partially recovered, but this has been offset by a rapid trend decline in hydrocarbon output, which peaked in 2008. These factors, along with business environment weaknesses, low private sector confidence, and financing constraints have led to a sharp and prolonged contraction in overall output. With very low government deposits and high domestic arrears, financing constraints are forcing a narrowing of external and fiscal imbalances. At the same time, weak institutional capacity, along with an inadequate public financial management (PFM) framework has reduced the effectiveness of the macroeconomic policy responses