{
  "title": "Republic of Equatorial Guinea: First Review under the Staff-Monitored Program-Press Release; and Staff Report",
  "publication": "IMF Staff Country Reports, November 12, 2018",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2018/11/12/republic-of-equatorial-guinea-first-review-under-the-staff-monitored-program-press-release-46346",
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  "summary": "In May 2018, the IMF’s Management approved a 7-month Staff-Monitored Program (SMP), covering the period January 1–July 31, 2018.",
  "sections": [
    {
      "heading": "Program overview and timeframe",
      "content": "- IMF Management approved a 7-month Staff-Monitored Program (SMP).\n- Program coverage period: January 1–July 31, 2018.\n- 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."
    },
    {
      "heading": "Main fiscal objectives",
      "content": "- Reduce the budget deficit through:\n  - Non-hydrocarbon revenue mobilization.\n  - Expenditure reduction while protecting social spending.\n- Address critical weaknesses in public financial management."
    },
    {
      "heading": "Structural and policy measures",
      "content": "- Improve the business climate.\n- Foster economic diversification.\n- Lay the basis for improving governance and transparency."
    },
    {
      "heading": "Subject coverage and keywords",
      "content": "- Subjects: Arrears, Expenditure, External debt, Fiscal policy, Fiscal stance, Public debt, Revenue administration.\n- Keywords: Arrears, CR, Fiscal stance, governance, government contract, growth outlook, implementation of measure, ISCR, management of the IMF, outlook, program implementation, public finance.\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: November 12, 2018",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781484383834.002",
    "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.",
    "Reduce the budget deficit through:",
    "Address critical weaknesses in public financial management.",
    "Improve the business climate.",
    "Foster economic diversification.",
    "Lay the basis for improving governance and transparency.",
    "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.",
    "**Country Report**"
  ],
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