Equatorial guinea: Staff Report for the 2005 Article IV Consultation
IMF Staff Country Reports, May 6, 2005
Source details
- Canonical URL
- Equatorial guinea: Staff Report for the 2005 Article IV Consultation
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Bibliographic details
- Published: May 6, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451815955.002
Executive summary and headline findings
- Monetary development in the Republic of Equatorial Guinea continues to be dominated by fiscal policy.
- Fiscal outcome was marked by an increase in the fiscal surplus in 2004 compared with 2003 on account of a stronger-than-expected revenue performance owing to higher oil prices and increase in hydrocarbon production that was partly offset by a substantial increase in capital expenditure.
- Important progress has been made with regard to transparency and accountability of oil-related revenues and public finance.
Thematic focus and subjects covered
- Budget planning and preparation
- Capital spending
- Commodities
- Expenditure
- Oil
- Oil, gas and mining taxes
- Public financial management (PFM)
- Taxes
Keywords and topical descriptors
- appreciation
- authorities in collaboration
- authorities' effort
- authority
- Capital spending
- CR
- Equato Guinean authority
- gas and mining taxes
- ISCR
- Oil
- petroleum sector revenue
- Sub-Saharan Africa
- surplus
- tax authority
- U.S. dollar
International Monetary Fund. "Equatorial guinea: Staff Report for the 2005 Article IV Consultation", IMF Staff Country Reports 2005, 150 (2005).