IMF Staff Country Reports

Republic of Equatorial Guinea: Staff Report 2006 Article IV Consultation

Publication Date:

June 21, 2006

Electronic Access:

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Summary:

Equatorial Guinea’s macroeconomic performance in the recent period has been broadly satisfactory. Despite the macroeconomic environment, however, progress in alleviating poverty and meeting the MDGs has been slow. Executive Directors welcome the government’s intention to prepare a National Poverty Reduction Strategy. In the meantime, the budget process needs to be modified. The pegged exchange rate regime has served Equatorial Guinea well, providing an anchor to hold down inflation and a positive influence on investors’ confidence. The data provided by Equatorial Guinea are broadly adequate for surveillance.

Series:

Country Report No. 2006/233

Subject:

Commodities External debt Oil Oil prices Oil, gas and mining taxes Prices Public debt Taxes