Republic of Equatorial Guinea: First Review under the Staff-Monitored Program-Press Release; and Staff Report
IMF Staff Country Reports, November 12, 2018
Source details
- Canonical URL
- Republic of Equatorial Guinea: First Review under the Staff-Monitored Program-Press Release; and Staff Report
Other formats
Bibliographic details
- Published: November 12, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484383834.002
Program overview and timeframe
- IMF Management approved a 7-month Staff-Monitored Program (SMP).
- Program coverage period: January 1–July 31, 2018.
- Purpose: provide a framework for bolstering capacity and helping build an adequate track record of performance as the basis for discussions on a potential Fund-supported program later this year.
Main fiscal objectives
- Reduce the budget deficit through:
- Non-hydrocarbon revenue mobilization.
- Expenditure reduction while protecting social spending.
- Address critical weaknesses in public financial management.
Structural and policy measures
- Improve the business climate.
- Foster economic diversification.
- Lay the basis for improving governance and transparency.
Subject coverage and keywords
- Subjects: Arrears, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration.
- Keywords: Arrears, CR, Fiscal stance, governance, government contract, growth outlook, implementation of measure, ISCR, management of the IMF, outlook, program implementation, public finance.
Content in this bundle
- Country Report