Republic of Equatorial Guinea: 2012 Article IV Consultation - Staff Report, Informational Annex, Public Information Notice, Statement by the Executive Director, Observations by the Government

A five-year burst in public investment, largely financed by buoyant oil revenue, has transformed the country's infrastructure. Roads, ports, and power supply have been upgraded, and a number of prestige projects have been completed. Reducing poverty and stimulating productive private sector activity remain urgent challenges. With hydrocarbon revenue now possibly past its peak, priorities include strengthening fiscal institutions, developing public services, and enhancing governance.