Equatorial Guinea: Staff Report for the 2003 Article IV Consultation

International Monetary Fund

No 2003/385, IMF Staff Country Reports from International Monetary Fund

Abstract: The discussions for the 2003 Article IV Consultation with Equatorial Guinea were conducted in Malabo and Bata. Executive Directors expressed concern about the continued weakness in economic policy performance, macroeconomic management, and governance. The authorities agreed that Equatorial Guinea's medium-term economic outlook was favorable, provided that sound economic management was put in place and maintained. The macroeconomic stability needed to be complemented by a number of structural reforms to foster non-oil growth. The recently established government-owned oil company (GEPETROL) has initiated some operations.

Keywords: ISCR; CR; staff appraisal; government; increase in capital capital outlay; IMF staff representative; oil company GEPetrol; government management; government deposit; Oil; gas and mining taxes; Oil sector; Reserve assets; Credit; Sub-Saharan Africa (search for similar items in EconPapers)
Pages: 49
Date: 2003-12-09
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