Equatorial Guinea

WASHINGTON, 24 July 2024 / PRN Africa / -- Summary: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 of a single review.

SOURCE International Monetary Fund (IMF)