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Ministry of Finance, Economy and Planning Equatorial Guinea/Ministerio de Hacienda, Economía y Planificación Guinea Ecuatorial

Ministry of Finance, Economy and Planning Equatorial Guinea/Ministerio de Hacienda, Economía y Planificación Guinea Ecuatorial

Last update: Feb 16, 2020 Last update: 16 Feb, 2020

Details

Office: Equatorial Guinea
Address: Carretera del Aeropuerto s/n, BP n°: 779. Malabo
E-mail(s): haciendo@gob.gq
Contact person: Jefe de la Delegación o Consejero Residente
Phone: (+240) 333 333 333 / 333 222 222
Sectors: Macro-Econ. & Public Finance Macro-Econ. & Public Finance
Nr. of employees: 201-500
Types: Government Body Government Body
Status: Active

Attachments

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Description

The Ministry of Finance, Economy and Planning, is the result of the merger of two ministerial portfolios that historically came dissociated: These are the Ministries: Finance and Budgets and, the Ministry of Economy, Planning and Public Investments. The merger of both ministries is aimed at strengthening public financial management, economic analysis capabilities and ensuring a more effective implementation of the Development Plan.

The Ministry, apart from the powers that are generally recognized by the legal provisions in force, has the following specific functions:

Promote, guide and direct the execution of the Public Finance policy, the execution of the economic policies adopted by the Government as well as social development policies.

Design and execute the fiscal and parafiscal policy of the State.

Prepare, program and execute the General State Budgets.

Promote the implementation and ensure the follow-up of the Government's economic policies recommended by the Economic Institutions

Management and monitoring of relations with International, Regional and Sub-Regional Financial and Economic Institutions.

Participate in the promotion and execution of the customs and tax regime of the sub-region.

Promote, in collaboration with the Department responsible for the foreign policy of the Government and other Departments involved, the conclusion of bilateral and multilateral agreements on technical cooperation for economic and social development, as well as the signing of International Treaties and Agreements relating to economy and public and private investment sectors.

Ensure the dissemination of information and data on the national economy, facilitating access to it.

To carry out the General Management of the Public Treasury, as well as to collect and administer the rights and obligations of the Public Treasury in general.

Serve as the tutor of the State Financial Entities, whose activities are related to it.

Inspect, intervene, supervise and supervise all acts of the State Administration and Financial Institutions.

Order all Public Treasury payments authorized by the main and secondary National Computers.

Prepare the General State Accounts.

Carry the administration and General Regime of Public Accounting.

Approve the State Treasury plan.

Coordinate the financial activity of the Local Corporations, as well as control, supervise and supervise the other Autonomous Entities and State Participation Companies.

Exercise the Economic-Administrative Jurisdiction of the State.

Participate in the preparation, negotiation and signing of all Treaties, Agreements, Agreements and contracts that have a financial and economic implication for the State.

Manage budget credits.

Advise the Government on matters related to the financial market.

Propose to the Government the general guidelines on economic and social development policy.

Prepare the National Economic Development Plan in coordination and close collaboration with the sectoral Departments.

Plan and schedule public investments.

Coordinate, evaluate and monitor projects of both internal and external financing.

Prepare and publish national statistics and accounts

Support and guide the different Ministerial Departments in the elaboration of their sectorial strategic and operational plans for economic and social development, ensure compliance with the provisions of the plans and programs designed during their execution, based on the different specific responsibilities established for the different executors of them.

Coordinate and lead the preparation and national participation in bilateral and multilateral negotiations on technical and financial development cooperation.

Follow up on the National Economic Development Plan of Equatorial Guinea.

Guard the National Financial Research Agency (ANIF), the Project to Support Finance Management, the Center for Investment Promotion, the National Statistics Institute, the National Development Agency of Equatorial Guinea, the Autonomous and Amortization Fund of the Public Debt, General Treasury of the State, Holding GE 2020 and the other entities that have been created or are going to be created under their tutelage.

Manage public debt, through the service of affection.

How many powers are conferred by the provisions in force

Country eligibility

No information available

Circumstantial eligible countries

No information available

Tender Management Modes

Financing agencies
AfDBEC7.7%92.3%
RegionsTotal
AfDB12
EC1