Gabon: Selected Issues

International Monetary Fund

No 2006/232, IMF Staff Country Reports from International Monetary Fund

Abstract: Efficiency and equity reasons suggest placing a high priority on ensuring that fiscal policy is on a sustainable path. This chapter has sought to estimate the sustainable long-term non-oil primary deficit and the optimal adjustment path toward that level. The banks’ inability to monitor effectively the quality of their loan portfolios, paired with the high interest-rate floor on deposits, are key factors behind the very low degree of financial intermediation. The reform of fuel price subsidies in Gabon is necessary to facilitate pro-poor economic growth.

Keywords: ISCR; CR; price; fuel price subsidy; Gabon; oil GDP; oil resource; chapter II; fiscal surplus; Fuel prices; Energy subsidies; Oil prices; Public investment spending; Sub-Saharan Africa; Africa; Western Hemisphere; Asia and Pacific (search for similar items in EconPapers)
Pages: 88
Date: 2006-06-20
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