Cover IMF Staff Country Reports
Republic of Equatorial Guinea: 2022 Article IV Consultation—Press Release; Staff Report; And Statement By The Executive Director for Republic of Equatorial Guinea
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2022: Issue 267
Language:
Spanish
Publication Date:
03 Aug 2022
DOI:
https://doi.org/10.5089/9798400232473.002
ISBN:
9798400232473
ISSN:
2790-4601
Pages:
102
Keywords:
asset declaration; audit report; gradual ease; headline inflation; Equatorial Guinea's NFA; Oil prices; Commercial banks; External sector statistics; Energy subsidies; Global; Africa; Arrears
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The COVID-19 pandemic in 2020-21, and Bata explosions in 2021, struck oil-exporter Equatorial Guinea at a time when its economic vulnerabilities had already been aggravated by a prolonged period of depressed hydrocarbon prices, and seven consecutive years of decline in real GDP. The economy is slowly emerging from the ravages of the 2020-21 shocks, buoyed by higher international oil prices. However, substantial challenges remain: (i) surging food prices and banking sector vulnerabilities cloud the short term, while (ii) declining hydrocarbon productionand the implied decline in external reservesloom over the medium term, especially in light of lagging governance and diversification reform implementation.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund
Volume 2022: Issue 267