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Republic of Equatorial Guinea : 2016 Article IV Consultation-Press Release; Staff Report; and Statement by the Director for the Republic of Equatorial Guinea
Summary: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.
