Republic of Equatorial Guinea: 2022 Article IV Consultation—Press Release; Staff Report; And Statement By The Executive Director for Republic of Equatorial Guinea

August 3, 2022

Preview Citation

Format: Chicago

Republic of Equatorial Guinea: 2022 Article IV Consultation—Press Release; Staff Report; And Statement By The Executive Director for Republic of Equatorial Guinea, (USA: International Monetary Fund, 2022) accessed December 3, 2024

Also available in: español

Summary

The COVID-19 pandemic in 2020-21, and Bata explosions in 2021, struck oil-exporter Equatorial Guinea at a time when its economic vulnerabilities had already been aggravated by a prolonged period of depressed hydrocarbon prices, and seven consecutive years of decline in real GDP. The economy is slowly emerging from the ravages of the 2020-21 shocks, buoyed by higher international oil prices. However, substantial challenges remain: (i) surging food prices and banking sector vulnerabilities cloud the short term, while (ii) declining hydrocarbon productionand the implied decline in external reservesloom over the medium term, especially in light of lagging governance and diversification reform implementation.

Subject: Economic and financial statistics, Expenditure, External debt, Financial institutions, International organization, Monetary policy, Prices, Revenue administration

Keywords: Africa, Arrears, Asset declaration, Audit report, Commercial banks, Energy subsidies, Equatorial Guinea's NFA, External sector statistics, Global, Gradual ease, Headline inflation, Oil prices

Publication Details

Pages:

102
Volume:

---
DOI:

---
Issue:

---
Series:

Country Report No. 2022/267
Stock No:

1GNQEA2022001
ISBN:

9798400216718
ISSN:

1934-7685

FACTSHEETS

RESOURCES

TOPICS

Flagship Publications

Other Publications

IMF reports and publications by country

Regional Offices

All News

See Also

For Journalists

Press Center

RESOURCES

FLAGSHIPS

KEY SERIES

IMF NOTES

IMF Staff Country Reports