El enfoque de este Memorando Económico de País (CEM) es revisar opciones clave de política y reforma a fin de que Guinea Ecuatorial siente las bases para un crecimiento renovado, diversificado y más inclusivo. De este modo, el CEM busca contribuir a las agendas de desarrollo y...

A decade of steady decline in hydrocarbon production has put Equatorial Guinea's fiscal and external accounts under strain and brought the need for economic diversification to the fore. An Extended Fund Facility (EFF) arrangement (approved in 2019) expired in December 2022 without the completion...

Equatorial Guinea's macroeconomic situation has deteriorated over the last decade due to a secular decline in oil production. In 2022, economic indicators improved somewhat. However, this recovery was short-lived, with the economy projected to fall back into recession in 2023. In the years...

This report provides an assessment of Equatorial Guinea's digital economy, as part of the World Bank's Digital Economy for Africa (DE4A) initiative. Prepared to support the implementation of the Digital Transformation Strategy for Africa, approved by the African Union in February 2020, the World...

This country report provides a description of the emergence of a health care system under public responsibility in Equatorial Guinea. The inception of the health care system refers to the first legislation stipulating entitlements to medical care. The report also includes a brief description of...

This is the first edition of the Economic Update for Equatorial Guinea. This report presents recent economic developments in Equatorial Guinea as well as the medium-term economic outlook and risks (Chapter 1), followed by a detailed exploration of a specific topic (Chapter 2). This edition...

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...

The Country Opinion Survey in Equatorial Guinea assists the World Bank Group (WBG)in gaining a better understanding of how stakeholders in Equatorial Guinea perceive the WBG. It provides the WBG with systematic feedback from national and local governments, multilateral/bilateral agencies, media,...

Work-life balance (WLB) is very pertinent in human resources management. This is the case also in the management of organizations, including the private sector of Equatorial Guinea. Work life balance indicates the degree to which an employee is fulfilled and thus, having his or her needs met...

This paper highlights Republic of Equatorial Guinea's Request for an Extended Arrangement Under the Extended Fund Facility and Second Review Under the Staff-Monitored Program. The IMF-supported program aims at maintaining macroeconomic and financial stability, while improving social protection,...

This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income,...

On May 10, 2018, the IMF approved a Staff-Monitored Program (SMP) for Equatorial Guinea, covering the period January-July 2018. The SMP will help in building an adequate track record of performance for a potential IMF-supported program. The SMP aims to reduce further the fiscal deficit, increase...

In May 2018, the IMF's Management approved a 7-month Staff-Monitored Program (SMP), covering the period January 1-July 31, 2018. The main fiscal objectives of the SMP are to (i) reduce the budget deficit through non-hydrocarbon revenue mobilization and expenditure reduction while protecting...

This dataset contains tax revenue collected by Equatorial Guinea. It provides detailed tax revenues by sector (Supranational, Federal or Central Government, State or Lander Government, Local Government, and Social Security Funds) and by specific tax, such as capital gains, profits and income,...

Road construction has often been viewed as the precursor to deforestation, especially in tropical forests. Traditional responses to such threats have been reactive, with attempts to mitigate impacts through physical measures, or the establishment of protected areas. These approaches often have...

The Government of Equatorial Guinea (GoEG) requested financial, analytical, and technical support from the World Bank during the country’s protracted economic recession. Given the prioritization of education in the country’s national development plan, the World Bank agreed to undertake an...

This 2016 Article IV Consultation highlights that Equatorial Guinea's overall real GDP growth has been weak in recent years averaging -0.5 percent from 2010-14, largely owing to a trend decline of the dominant hydrocarbon sector. Economic performance deteriorated substantially in the wake of the...

This Selected Issues paper analyzes macrofinancial linkages in Equatorial Guinea. Insufficient fiscal consolidation in response to falling oil prices and production has translated into arrears accumulation, leading to a sharp deterioration in commercial banks' balance sheets. Although banks'...

Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only...

This chapter explores sustainability reporting regimes in six African countries representing sub-regions of the continent – Egypt, Equatorial Guinea, Kenya, Nigeria, Botswana and South Africa. It reveals that Africa is catching up on sustainability reporting as each jurisdiction is found to...

A decade–long hydrocarbon boom has led to a fast rise of average incomes and spurred a large scaling up of investment spending on infrastructure, although progress on social indicators has been slow. With hydrocarbon extraction shifting into a trend decline in the context of weak oil prices...

This article analyzes the Department of Justice's civil asset forfeiture case against US-based assets owned by Teodoro Nguema Obiang Mangue, Equatorial Guinea's Second Vice President, as part of its fight against kleptocracy. This case was the first forfeiture action the US government brought...

Road construction has often been viewed as the precursor to deforestation, especially in tropical forests. Traditional responses to such threats have been reactive, with attempts to mitigate impacts through physical measures, or the establishment of protected areas. These approaches often have...

"In OIL AND THE LICIT LIFE OF CAPITALISM IN EQUATORIAL GUINEA Hannah Appel considers how oil extraction creates forms of legality and legitimacy that mask its historical relationship to imperialism and slavery in Equatorial Guinea. As a former Spanish colony whose oil industry has developed in...

En este artículo se pretende mostrar la relación directa que existe entre la democracia y los derechos humanos en Guinea Ecuatorial y su correspondencia en las formas de corrupción que no son propias de la cultura de una democracia moderna y pacífica. Se hace un mayor énfasis en establecer...

This paper deals with the problem of vulnerability of developing countries and their resilience capacity with respect to external shocks. The analysis particularly considers the countries of Latin America and Sub-Saharan Africa. Although the transmission risks of the 2007 financial crisis were...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country.

This 2012 Article IV Consultation highlights Equatorial Guinea’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...

A five-year burst in public investment, largely financed by buoyant oil revenue, has transformed the country’s infrastructure. Roads, ports, and power supply have been upgraded, and a number of prestige projects have been completed. Reducing poverty and stimulating productive private sector...

In recent years, the IMF has released a growing number of reports and other documents covering economic and financial developments and trends in member countries. Each report, prepared by a staff team after discussions with government officials, is published at the option of the member country

"Les activités transfrontalières illicites entre le Gabon, le Cameroun et la Guinée équatoriale sont le principal sujet abordé par cet ouvrage. Ces activités se définissent comme l'ensemble des activités contraires aux différentes législations nationales et internationales dont les...

This short country report, a result of a larger Information for Development Program (infoDev)-supported survey of the Information and Communication Technologies (ICT) in education in Africa, provides a general overview of current activities and issues related to ICT use in education in the...

This short country report, a result of larger Information for Development Program (infoDev) - supported survey of the Information and Communication Technologies (ICT) in education in Africa, provides a general overview of current activities and issues related to ICT use in education in the...

This Public Expenditure Review (PER) is the result of collaboration between the World Bank and the Government of Equatorial Guinea. The main goal of the agreement and this report is to assist the Government of Equatorial Guinea to better implement its National Development Plan (NDP) and meet the...

Referring to the original context of Dutch Disease, the term refers to the fears of de-industrialization that gripped the Netherlands as a result of the appreciation of the Dutch currency that followed the discovery of natural gas deposits. Expansion of petroleum exports in the 1960s not only...

The Government of Equatorial Guinea (GoEG) requested financial, analytical, and technical support from the World Bank during the country's protracted economic recession. Given the prioritization of education in the country's national development plan, the World Bank agreed to undertake an...

The Report by the Commission on the Measurement of Economic Performance and Social Progress (Stiglitz et al., 2009) published in September 2009 has brought back to the attention of policy makers and researchers that measuring a country’s development solely on the basis of GDP or GDP per capita...

Corporate Social Responsibility (CSR), as both a concept and programmatic activity, has grown rapidly. Yet despite its proliferation, there remains a lack of empirical studies that assess CSR's ability to generate sustainable development. Proponents of CSR christen it the new development...

This paper examines key findings of the Republic of Equatorial Guinea’s 2010 Article IV Consultation. Real GDP has increased fortyfold since 1995, and large oil revenues have allowed the government to embark on an ambitious infrastructure investment program while amassing foreign savings....