Equatorial Guinea joined the CEMAC economic area in 1985 and shares the Central African CFA currency with Cameroon, Chad, Congo, Gabon and the Central African Republic. The country is also a member of the BVMAC bourse, a sub-regional stock exchange. This strong regional integration guarantees Equatorial Guinea’s monetary and financial stability, and favors foreign direct investment and low inflation. The financial sector within the country is well developed, and its development now needs to be deepened.
Exceptional GDP growth has enabled Equatorial Guinea to invest in the non-oil economy and chart long-term plans for stable economic development. The recent decline in oil prices has prompted the ministry to revise its short-term economic program and introduce comprehensive structural measures that strengthen the economy. Equatorial Guinea offers highly competitive tax and financial incentives to investors.
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March 30, 2015