Gabon: Request for Stand-By Arrangement

International Monetary Fund

No 2004/168, IMF Staff Country Reports from International Monetary Fund

Abstract: The staff report for the Request for Stand-By Arrangement on Gabon highlights economic developments and policies. A higher-than-anticipated rise in oil GDP more than offset lower-than-expected growth of non-oil GDP. Overall fiscal performance was strong, as the non-oil primary deficit was reduced by 8.6 percentage points to 8.2 percent of non-oil GDP in 2003. The authorities have strengthened their medium-term program to address the weaknesses in public finances that came to the fore under the staff-monitored program (SMP) and to tackle the impediments to private sector development while improving social indicators.

Keywords: ISCR; CR; government; debt; oil revenue; CFAF; financing; SDR; Gabon's economy; medium term program; order basis; payments arrears; Arrears; Debt service; Sub-Saharan Africa; Africa (search for similar items in EconPapers)
Pages: 122
Date: 2004-06-22
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