Equatorial Guinea
Government and institution measures in response to COVID-19.
Government and institution measures in response to COVID-19.
Return to homepage | Last updated: 24 June, 2020
Tax measures – Direct and Indirect
(e.g. payment deferrals, rate reductions…)
Click to see a comprehensive summary of jurisdictional tax measures and government reliefs in response to COVID-19.
Economic stimulus measures
(e.g. loans, moratorium on debt repayments…)
- A decrease of the policy rate by 25 bps to 3.25 percent, a decrease of the Marginal Lending Facility rate by 100 bps to 5 percent
- A suspension of absorption operations, an increase of liquidity provision from FCFA 240 to 500 billion
- A widening of the range of private instruments accepted as collateral in monetary operations.
- The MPC also supported BEAC’s management’s intent to propose to reduce haircuts applicable to private instruments accepted as collateral for refinancing operations, and to postpone by one-year principal repayment of consolidated central bank’s credits to member states, but these possible additional measures are not effective yet.
- On March 25, 2020, the COBAC informed banks that they can use their capital conservation buffers of 2.5 percent to absorb pandemic-related losses but requested banks to adopt a restrictive policy with regard to dividend distribution.
