Gabon: Staff Report for the 2014 Article IV Consultation

International Monetary Fund

No 2015/047, IMF Staff Country Reports from International Monetary Fund

Abstract: This 2014 Article IV Consultation highlights that Gabon’s growth performance has recently been strong, but fiscal pressures have increased significantly. Real GDP growth has averaged about 6 percent in the last four years on the back of substantial scaling-up of capital spending as the authorities implement their strategy Plan Stratégique Gabon Emergent to promote economic diversification and growth inclusiveness. The medium-term growth outlook has weakened as a result of the sharp decline in oil prices, but is expected to remain relatively strong. Growth is expected to be driven by a number of projects under way in agro-industry, mining, and wood processing.

Keywords: ISCR; CR; debt; price; GDP; Gabon; revenue; investment spending; oil price shock; sustainability framework; oil revenue management; debt stock; Oil prices; Global; Africa; Central Africa (search for similar items in EconPapers)
Pages: 72
Date: 2015-02-25
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