Information Center: Report, 2008, Department of Economic and Social Affairs

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Department of Economic and Social Affairs
November 5, 2008

The Committee for Development Policy considered Equatorial Guinea eligible for graduation for the first time in 2006, which triggered the preparation of this ex-ante impact assessment report. The country has experienced remarkable growth fueled by the development of the hydrocarbon sector and reached a relatively high level of per capita income. Official development finance inflows are negligible as a share of GDP while it is unlikely that necessary technical assistance support will be withdrawn due to graduation. Exports-- dominated by fuels-- already enter major markets at zero tariffs under the Most Favoured Nation treatment. With the exception of a few support measures, such as United Nations-related travel benefits, the country seems to benefit little from its LDC status. Graduation from the category will likely have minimal impact.

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