Republic of Equatorial Guinea: 2012 Article IV Consultation

Republic of Equatorial Guinea: 2012 Article IV Consultation

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This 2012 Article IV Consultation highlights Equatorial Guineaa€™s economic developments and policies. The IMF report focuses on setting priorities that include strengthening fiscal institutions, developing public services, and enhancing governance to push the economic growth. The hydrocarbon sector has continued to be the main driver of the economy, accounting for about three-quarters of estimated GDP. It suggests that a commitment to regular publication and international quality standards would stimulate long-delayed improvements. The prospect of falling hydrocarbon revenues adds urgency to the case for a medium-term fiscal framework.Fiscal targets are currently met through quarterly reviews of the budget and subsequent adjustments when needed. Targeting expenditure on priority sectors, including public service provision, poverty reduction initiatives will be improved. On the revenue side, efforts will continue towards the broadening of the tax base and revenue collection, including better ... their efforts to strengthen capacity in the fiscal sector with assistance from the Fund, the World Bank and the African Union.


Title:Republic of Equatorial Guinea: 2012 Article IV Consultation
Author: International Monetary Fund
Publisher:International Monetary Fund - 2013-03-28
ISBN-13:

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