IMF Staff Country Reports

Republic of Equatorial Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea

November 16, 2016

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Republic of Equatorial Guinea: 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea, (USA: International Monetary Fund, 2016) accessed October 13, 2024

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Summary

This 2016 Article IV Consultation highlights that Equatorial Guinea’s overall real GDP growth has been weak in recent years averaging –0.5 percent from 2010–14, largely owing to a trend decline of the dominant hydrocarbon sector. Economic performance deteriorated substantially in the wake of the 2014 oil-price shock. In 2015, the pace of the contraction intensified, and economic activity declined by 7.4 percent. The near-term outlook is very challenging, given prospects for depressed energy prices and a continued decline in hydrocarbon production. Weak oil revenues and limited buffers will require further cuts to public investment, leading to a deep contraction of the large construction sector and public administration.

Subject: Balance of payments statistics, Economic and financial statistics, Expenditure, Fiscal consolidation, Fiscal policy, Public debt, Revenue administration

Keywords: A number of IMF policy recommendation, Balance of payments statistics, Balance of payments statistics mission, CR, Deficit, Equatorial Guinea's debt, Fiscal consolidation, GDP, Global, Holding, IMF staff estimate, ISCR, Oil-price shock, Sub-Saharan Africa

Publication Details

  • Pages:

    68

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2016/341

  • Stock No:

    1GNQEA2016001

  • ISBN:

    9781475551372

  • ISSN:

    1934-7685

Notes