Africa: Equatorial Guinea Economic Update – Designing Fiscal Instruments for Sustainable Forestry
[ad_1] Malabo — The World Bank today issued the 2024 Equatorial Guinea Economic Update which analyzes the country's recent economic developments and outlook and highlights the importance of designing effective fiscal instruments for sustainable forestry and economic diversification. Following two years of recovery, the economy of Equatorial Guinea contracted by 5.7% in 2023, driven by a decline in the hydrocarbon sector. Inflation decreased to 2.4% in 2023 compared to 4.9% in 2022, partly due to tight monetary policies pursued by […]