Equatorial Guinea is facing difficult circumstances, as the oil price shock severely complicates the effort to transform the economy. Although the authorities have embarked on fiscal adjustment, the decline of the non-resource primary balance has fallen short of what is needed to avoid a rapid deterioration in debt levels and fiscal buffers.
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|Size: ||2.3 MB|
|Publisher: ||INTERNATIONAL MONETARY FUND|
|Date published: || 2016|
|ISBN: ||9781475551396 (DRM-EPUB)|
|Read Aloud: ||not allowed|