This 2016 Article IV Consultation highlights that Equatorial Guinea's overall real GDP growth has been weak in recent years averaging -0.5 percent from 2010-14, largely owing to a trend decline of the dominant hydrocarbon sector. Economic performance deteriorated substantially in the wake of the...

This Selected Issues paper analyzes macrofinancial linkages in Equatorial Guinea. Insufficient fiscal consolidation in response to falling oil prices and production has translated into arrears accumulation, leading to a sharp deterioration in commercial banks' balance sheets. Although banks'...

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. The SMP aims to reduce further the fiscal deficit, increase...

In May 2018, the IMF's Management approved a 7-month Staff-Monitored Program (SMP), covering the period January 1-July 31, 2018. The main fiscal objectives of the SMP are to (i) reduce the budget deficit through non-hydrocarbon revenue mobilization and expenditure reduction while protecting...