IDEAS home Printed from https://ideas.repec.org/p/imf/imfscr/2025-224.html
   My bibliography  Save this paper

Republic of Equatorial Guinea: Staff Report for the 2025 Article IV Consultation and First and Second Reviews Under the Staff-Monitored Program-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Equatorial Guinea

Author

Listed:
  • International Monetary Fund

Abstract

This paper presents Republic of Equatorial Guinea’s 2025 Article IV Consultation and First and Second Reviews under the Staff-Monitored Program (SMP). Equatorial Guinea registered a mild economic recovery in 2024, but the economy is projected to grow weakly and a drain on regional reserves is expected to continue in the medium term as hydrocarbon production declines. The banking sector is showing clear signs of improvement. Performance under the program has been strong, with significant reforms implemented and a substantial fiscal adjustment that met the SMP conditionality. However, contrary to longstanding commitments, the authorities decided not to publish asset declarations of public officials. The program extension will provide the authorities with an opportunity to complete an alternative governance reform measure aimed at strengthening transparency in the extractive sector. The economy is projected to grow weakly in the medium term as hydrocarbon production declines. The authorities planned fiscal adjustment will keep public debt below 50 percent of gross domestic product and restore external balance in the medium term. The main downside risks to the outlook stem from lower output or prices in the hydrocarbon sector, along with slower implementation of key reforms.

Suggested Citation

  • International Monetary Fund, 2025. "Republic of Equatorial Guinea: Staff Report for the 2025 Article IV Consultation and First and Second Reviews Under the Staff-Monitored Program-Press Release; Staff Report; and Statement by the Execut," IMF Staff Country Reports 2025/224, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2025/224
    as

    Download full text from publisher

    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=569270
    Download Restriction: no
    ---><---

    More about this item

    Keywords

    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;
    ;

    Statistics

    Access and download statistics

    Corrections

    All material on this site has been provided by the respective publishers and authors. You can help correct errors and omissions. When requesting a correction, please mention this item's handle: RePEc:imf:imfscr:2025/224. See general information about how to correct material in RePEc.

    If you have authored this item and are not yet registered with RePEc, we encourage you to do it here. This allows to link your profile to this item. It also allows you to accept potential citations to this item that we are uncertain about.

    We have no bibliographic references for this item. You can help adding them by using this form .

    If you know of missing items citing this one, you can help us creating those links by adding the relevant references in the same way as above, for each refering item. If you are a registered author of this item, you may also want to check the "citations" tab in your RePEc Author Service profile, as there may be some citations waiting for confirmation.

    For technical questions regarding this item, or to correct its authors, title, abstract, bibliographic or download information, contact: Akshay Modi (email available below). General contact details of provider: https://edirc.repec.org/data/imfffus.html .

    Please note that corrections may take a couple of weeks to filter through the various RePEc services.

    IDEAS is a RePEc service. RePEc uses bibliographic data supplied by the respective publishers.