Gabon: Second and Third Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Gabon

International Monetary Fund

No 2009/107, IMF Staff Country Reports from International Monetary Fund

Abstract: This paper presents key findings of the Second and Third Reviews for Gabon under the Stand-By Arrangement. Performance under the program has been mixed. Non-oil economic growth was robust prior to the onset of the international financial crisis, spurred by high oil and commodity prices. However, little progress has been made to bring the non-oil fiscal deficit to a sustainable position. IMF staff supports the authorities’ request for waivers for nonobservance of the performance criteria and recommends completion of the second and third reviews.

Keywords: ISCR; CR; government; price; Executive Board discussion; plan; program implementation; fuel price adjustment formula; fuel prices following; debt service; Oil; gas and mining taxes; Global; Africa; Central Africa (search for similar items in EconPapers)
Pages: 79
Date: 2009-04-01
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