Republic of Equatorial Guinea: Staff Report 2006 Article IV Consultation

International Monetary Fund

No 2006/233, IMF Staff Country Reports from International Monetary Fund

Abstract: Equatorial Guinea’s macroeconomic performance in the recent period has been broadly satisfactory. Despite the macroeconomic environment, however, progress in alleviating poverty and meeting the MDGs has been slow. Executive Directors welcome the government’s intention to prepare a National Poverty Reduction Strategy. In the meantime, the budget process needs to be modified. The pegged exchange rate regime has served Equatorial Guinea well, providing an anchor to hold down inflation and a positive influence on investors’ confidence. The data provided by Equatorial Guinea are broadly adequate for surveillance.

Keywords: ISCR; CR; authority; guide government policy; information campaign; GDP; Equatoguinean; My Equatoguinean authorities; authorities' NPRS; standard of living; current account; Oil; gas and mining taxes; Oil prices; Africa; Sub-Saharan Africa; Global (search for similar items in EconPapers)
Pages: 59
Date: 2006-06-21
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