## Republic of Equatorial Guinea: Staff-Monitored Program

_IMF Staff Country Reports, June 4, 2018_

## Source details

**Canonical URL:** [Republic of Equatorial Guinea: Staff-Monitored Program](https://www.imf.org/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935)

## Other formats

- [Markdown version](/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935/index.md)
- [Structured JSON version](/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935/index.json)
- [Bundle manifest](/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935/bundle-manifest.json)

## Bibliographic details
- Published: June 4, 2018
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484359303.002

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### Program overview and objectives
- 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:
  - reduce further the fiscal deficit
  - increase non-oil revenue
  - address critical public financial management weaknesses, while protecting social spending
  - improve the business climate and foster economic diversification
  - lay the basis for improving governance and transparency in public administration and the hydrocarbon sector
  - provide a framework to strengthen public sector capacity through technical assistance provided by the IMF

### Macroeconomic and fiscal focus
- Fiscal consolidation:
  - focus on reducing the fiscal deficit (no numeric target specified on the page)
- Revenue:
  - emphasis on increasing non-oil revenue
- Public financial management (PFM):
  - address critical PFM weaknesses while protecting social spending
- Governance and transparency:
  - measures aimed at improving governance and transparency in public administration and in the hydrocarbon sector

### Structural reforms and capacity building
- Business climate and diversification:
  - envisaged measures to improve the business climate and foster economic diversification
- Technical assistance:
  - IMF technical assistance to strengthen public sector capacity

### Thematic subjects and keywords (as listed)
- 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

### Publication identifiers and metadata (as presented)
- 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

*Republic of Equatorial Guinea: Staff-Monitored Program; IMF Staff Country Report No. 2018/146; June 4, 2018.*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2018/cr18146.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2018/cr18146.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2018/06/04/republic-of-equatorial-guinea-staff-monitored-program-45935_