{
  "title": "Republic of Equatorial Guinea: Staff-Monitored Program",
  "publication": "IMF Staff Country Reports, June 4, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935",
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  "summary": "On May 10, 2018, the IMF approved a Staff-Monitored Program (SMP) for Equatorial Guinea, covering the period January–July 2018. The SMP will help in building an adequate track record of performance for a potential IMF-supported program.",
  "sections": [
    {
      "heading": "Program overview and objectives",
      "content": "- IMF approved a Staff-Monitored Program (SMP) for Equatorial Guinea on May 10, 2018, covering the period January–July 2018.\n- Purpose: help build an adequate track record of performance for a potential IMF-supported program.\n- Key aims:\n  - reduce further the fiscal deficit\n  - increase non-oil revenue\n  - address critical public financial management weaknesses, while protecting social spending\n  - improve the business climate and foster economic diversification\n  - lay the basis for improving governance and transparency in public administration and the hydrocarbon sector\n  - provide a framework to strengthen public sector capacity through technical assistance provided by the IMF"
    },
    {
      "heading": "Macroeconomic and fiscal focus",
      "content": "- Fiscal consolidation:\n  - focus on reducing the fiscal deficit (no numeric target specified on the page)\n- Revenue:\n  - emphasis on increasing non-oil revenue\n- Public financial management (PFM):\n  - address critical PFM weaknesses while protecting social spending\n- Governance and transparency:\n  - measures aimed at improving governance and transparency in public administration and in the hydrocarbon sector"
    },
    {
      "heading": "Structural reforms and capacity building",
      "content": "- Business climate and diversification:\n  - envisaged measures to improve the business climate and foster economic diversification\n- Technical assistance:\n  - IMF technical assistance to strengthen public sector capacity"
    },
    {
      "heading": "Thematic subjects and keywords (as listed)",
      "content": "- Subjects: Arrears, External debt, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM), Revenue administration\n- Keywords: Africa, Arrears, broad money, CR, debt ratio, Fiscal stance, Global, ISCR, managing director of the International Monetary Fund, objectives of the SMP, oil-price shock, SMP"
    },
    {
      "heading": "Publication identifiers and metadata (as presented)",
      "content": "- Pages: 74\n- Volume: 2018\n- Issue: 146\n- Series: Country Report No. 2018/146\n- DOI: https://doi.org/10.5089/9781484359303.002\n- Stock No: 1GNQEA2018001\n- ISBN: 9781484359303\n- ISSN: 1934-7685\n- Publication date on page: June 4, 2018\n\nRepublic of Equatorial Guinea: Staff-Monitored Program; IMF Staff Country Report No. 2018/146; June 4, 2018.\n\n---\n\n Content in this bundle\n\n- Country Report\n  - Country Report (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Country Report (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: June 4, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484359303.002",
    "IMF approved a Staff-Monitored Program (SMP) for Equatorial Guinea on May 10, 2018, covering the period January–July 2018.",
    "Purpose: help build an adequate track record of performance for a potential IMF-supported program.",
    "Key aims:",
    "Fiscal consolidation:",
    "Revenue:",
    "Governance and transparency:",
    "Business climate and diversification:",
    "Technical assistance:",
    "Subjects: Arrears, External debt, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM), Revenue administration",
    "Keywords: Africa, Arrears, broad money, CR, debt ratio, Fiscal stance, Global, ISCR, managing director of the International Monetary Fund, objectives of the SMP, oil-price shock, SMP",
    "Pages: 74",
    "Volume: 2018",
    "Issue: 146",
    "Series: Country Report No. 2018/146",
    "DOI: https://doi.org/10.5089/9781484359303.002",
    "Stock No: 1GNQEA2018001",
    "ISBN: 9781484359303",
    "ISSN: 1934-7685",
    "Publication date on page: June 4, 2018",
    "**Country Report**"
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