Republic of Equatorial Guinea: 2022 Article IV Consultation—Press Release; Staff Report; And Statement By The Executive Director for Republic of Equatorial Guinea
Electronic Access:
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Summary:
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 productionand the implied decline in external reservesloom over the medium term, especially in light of lagging governance and diversification reform implementation.
Series:
Country Report No. 2022/267
Subject:
Economic and financial statistics Expenditure External debt Financial institutions International organization Monetary policy Prices Revenue administration
Frequency:
regular
English
Publication Date:
August 3, 2022
ISBN/ISSN:
9798400216718/1934-7685
Stock No:
1GNQEA2022001
Pages:
102
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