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Record Nr. |
UNINA9910155012103321 |
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Titolo |
Republic of Equatorial Guinea : : Selected Issues |
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Pubbl/distr/stampa |
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Washington, D.C. : , : International Monetary Fund, , 2016 |
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ISBN |
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9781475555998 |
1475555997 |
9781475556018 |
1475556012 |
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Descrizione fisica |
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1 online resource (20 p.) |
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Collana |
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IMF Staff Country Reports |
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Soggetti |
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Banks and Banking |
Finance: General |
Macroeconomics |
Money and Monetary Policy |
Banks |
Depository Institutions |
Micro Finance Institutions |
Mortgages |
Financial Markets and the Macroeconomy |
Energy: Demand and Supply |
Prices |
Monetary Policy, Central Banking, and the Supply of Money and Credit: General |
General Financial Markets: Government Policy and Regulation |
Banking |
Finance |
Monetary economics |
Financial sector development |
Oil prices |
Commercial banks |
Credit |
Financial markets |
Money |
Financial institutions |
Financial sector stability |
Financial sector policy and analysis |
Banks and banking |
Financial services industry |
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Equatorial Guinea, Republic of |
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Lingua di pubblicazione |
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Formato |
Materiale a stampa |
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Livello bibliografico |
Monografia |
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Sommario/riassunto |
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This Selected Issues paper analyzes macrofinancial linkages 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. |
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