Republic of Equatorial Guinea: Staff-Monitored Program-Press Release; and Staff Report

Author: International Monetary Fund. African Dept.

A decade of steady decline in hydrocarbon production has put Equatorial Guinea's fiscal and external accounts under strain and brought the need for economic diversification to the fore.

Volume/Issue: Volume 2024 Issue 245

Publication date: July 2024

ISBN: 9798400284748

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Public Financial Management , Anti-money laundering and combating the financing of terrorism (AML/CFT) , Fiscal stance , Arrears

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Summary

A decade of steady decline in hydrocarbon production has put Equatorial Guinea's fiscal and external accounts under strain and brought the need for economic diversification to the fore. An Extended Fund Facility (EFF) arrangement (approved in 2019) expired in December 2022 without the completion of a single review.