Republic of Equatorial Guinea: Staff Report 2006 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2006 Issue 233

Publication date: June 2006

ISBN: 9781451815979

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , 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

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Summary

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.