Republic of Equatorial Guinea: Staff-Monitored Program

June 4, 2018

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Republic of Equatorial Guinea: Staff-Monitored Program, (USA: International Monetary Fund, 2018) accessed November 21, 2024

Also available in: español

Summary

On May 10, 2018, the IMF approved a Staff-Monitored Program (SMP) for Equatorial Guinea, covering the period January–July 2018. The SMP will help in building an adequate track record of performance for a potential IMF-supported program. The SMP aims to reduce further the fiscal deficit, increase non-oil revenue, and address critical public financial management weaknesses, while protecting social spending. The SMP also envisages measures to improve the business climate and foster economic diversification. The program will aim to lay the basis for improving governance and transparency in public administration and the hydrocarbon sector. The program will also provide a framework to strengthen public sector capacity through technical assistance provided by the IMF.

Subject: Arrears, External debt, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM), Revenue administration

Keywords: Africa, Arrears, Broad money, CR, Debt ratio, Fiscal stance, Global, ISCR, Managing director of the International Monetary Fund, Objectives of the SMP, Oil-price shock, SMP

Publication Details

Pages:

74
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2018/146
Stock No:

1GNQEA2018001
ISBN:

9781484359303
ISSN:

1934-7685

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