| Description |
1 online resource (20 pages) : color illustrations |
| Series |
IMF Country Reports ; no. 16/358 |
|
IMF country report ; no. 16/358.
|
| Summary |
Macrofinancial linkages in Equatorial Guinea: The negative economic impact of the 2014 oil-price slump highlights the close attention that macrofinancial linkages require 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' capital and liquidity ratio appear adequate, profitability has been shrinking, owing to weak economic activity and decelerating credit supply. Moreover, recent stress tests reveal a high sensitivity to negative liquidity and asset quality shocks. Financial development remains lackluster, which hurts economic development and effective structural transformation. Finally, strong macrofinancial linkages compounded by regional subsidiary-parent interlinkages call for increased scrutiny |
| Notes |
"August 12, 2016; approved by African Department; prepared by Neree Noumon, with inputs from the Equatorial Guinea Team"--Page 2 of pdf |
|
"November 2016." |
| Bibliography |
Includes bibliographical references (page 19) |
| Notes |
Description based on online resource; title from pdf title page (IMF website, viewed December 13, 2016) |
| Subject |
Economic development -- Equatorial Guinea
|
|
Financial risk management -- Equatorial Guinea
|
|
Fiscal policy -- Equatorial Guinea
|
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Petroleum products -- Prices -- Equatorial Guinea
|
|
Economic development.
|
|
Economic history.
|
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Financial risk management.
|
|
Fiscal policy.
|
|
Petroleum products -- Prices.
|
| SUBJECT |
Equatorial Guinea -- Economic conditions
|
| Subject |
Equatorial Guinea.
|
| Form |
Electronic book
|
| Author |
International Monetary Fund. African Department, issuing body.
|
|
International Monetary Fund. issuing body.
|
| ISBN |
1475555989 |
|
9781475555981 |
|
