This web page presents information about the work of the IMF in Gabon, including the activities of the IMF Resident Representative Office. Additional information can be found on the Gabon and IMF country page, including IMF reports and Executive Board documents that deal with Gabon.

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At a Glance

  • Current members: 189 countries
  • Gabon joined the IMF on 10 September 1963
  • Quota (SDR): SDR 216.0 million
  • Last Article IV consultation: 19 February 2016

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Regional Economic Outlook

Sub-Saharan Africa: Fiscal Adjustment and Economic Diversification

October 2017

The broad-based slowdown in sub-Saharan Africa is easing but the underlying situation remains difficult. Growth is expected to reach 2.6 percent in 2017, but the pickup reflects one-off factors, notably a recovery in oil production in Nigeria and the easing of drought conditions in eastern and southern Africa. While a third of the countries in the region continue to grow at 5 percent or more, 12 countries home to 40 percent of the region’s population are expected to see per capita income decline. The external environment has improved somewhat, facilitating sovereign bond issuances by the region’s frontier economies. Foreign exchange market pressures appear to have abated, but international reserves remain low in many countries. Public debt has been rising rapidly across the region, including in the fast-growing economies. In this context, implementing the planned fiscal consolidations and reforms to tackle constraints on growth are the key policy priorities. Read the report