Republic of Equatorial Guinea: 2010 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2010 Issue 103

Publication date: May 2010

ISBN: 9781455207565

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Business and Economics - Statistics , ISCR , CR , GDP , debt , price , interest , nominal interest rate , household expenditure survey , investment efficiency , sustainability framework , hydrocarbon derivatives export , debt stock , Oil , Oil prices , Government finance statistics , Global , economy well , CEMAC member country

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Summary

This paper examines key findings of the Republic of Equatorial Guinea’s 2010 Article IV Consultation. Real GDP has increased fortyfold since 1995, and large oil revenues have allowed the government to embark on an ambitious infrastructure investment program while amassing foreign savings. Basic infrastructure is being developed, and although achievements in social areas have been muted, expenditure in this area is programmed to rise. The underdeveloped financial system has been unscathed by the global financial turmoil, and appears generally sound.