Republic of Equatorial Guinea: Request for an Extended Arrangement Under the Extended Fund Facility and Second Review Under the Staff-Monitored Program-Press Release, Staff Report, and Statement by the Executive Director

Cover
CONTENTS
BACKGROUND, RECENT DEVELOPMENTS, OUTLOOK AND RISKS
PROGRAM IMPLEMENTATION UNDER THE SMP
EXTENDED FUND FACILITY AND POLICY DISCUSSIONS
	A. Fiscal Policy and Other Macroeconomic Issues
	B. Improving Social Protection and Fostering Human Capital Development
	C. Strengthening the Banking Sector and Fostering Financial Inclusion
	D. Strengthening Public Finance Management
	E. Improving Governance and Transparency and Fighting Corruption
	F. Structural Reforms to Boost Non-Hydrocarbon Growth
	G. Capacity Building
PROGRAM MODALITIES AND RISKS
STAFF APPRAISAL
BOXES
	1. Recent Developments and Prospects in the Hydrocarbon Sector
	2. Progress on Business Facilitation Reforms
FIGURE
	1. Business Environment and Governance
TABLES
	1. Selected Economic and Financial Indicators, 2015–24
	2a. Balance of Payments, 2015–24
	2b. Balance of Payments, 2015–24 (Billions of CFA francs)
	3a. Summary of Central government Financial Operations, 2016–20Q4 (Billions of CFA francs)
	3b. Summary of Central Government Financial Operations, 2015–24 (Billions of CFA francs)
	3c. Summary of Central Government Financial Operations, 2015–24 (Percent of GDP)
	4. Monetary Survey, 2015–24
	5. Fiscal Financing Requirements, 2019–24
	6. External Financing Requirements, 2015–24
	7. Purchases, and Timing of Reviews under the EFF Arrangement
	8. Indicators of Capacity to Repay the Fund, 2019–32
ANNEXES
	I. Risk Assessment Matrix
	II. Proposed Technical Assistance Under the Program, 2019–22
	III. External Sector Assessment
	IV. Debt Sustainability Analysis
APPENDIX
	I. Letter of Intent
		Attachment I. Memorandum of Economic and Financial Policies
		Attachment II. Technical Memorandum of Understanding