Republic of Equatorial Guinea: 2015 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for the Republic of Equatorial Guinea
Summary:
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 outlook and still high capital spending, the fiscal position has weakened and fiscal buffers diminished.
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