Gabon: Staff Report for the 2003 Article IV Consultation and Staff-Monitored Program

Gabon: Staff Report for the 2003 Article IV Consultation and Staff-Monitored Program—Staff Report

February 5, 2004

Preview Citation

Format: Chicago

Gabon: Staff Report for the 2003 Article IV Consultation and Staff-Monitored Program—Staff Report, (USA: International Monetary Fund, 2004) accessed September 19, 2024

Summary

The continued decline in oil production and the absence of sustained adjustment policies have contributed to Gabon's uneven economic performance over the past three years. To strengthen further the track record before discussing a possible IMF-supported program, a staff-monitored program has been established for the period September–December 2003. The authorities emphasized their determination to confront the challenges facing the country by pursuing policies aimed at diversifying the economy, sustaining growth, and reducing poverty while containing financial imbalances.

Subject: Arrears, Debt service, Expenditure, External debt, Oil, gas and mining taxes, Public debt

Keywords: Adjustment effort, Africa, Arrears, Authorities' effort, Authority, Bill, CR, Cumbersome government structure, Debt service, Debt service, Global, Government, ISCR, Oil revenue, Payments arrears, Sub-Saharan Africa, Wage bill

Publication Details

Pages:

111
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/028
Stock No:

1GABEA0012004
ISBN:

9781451813890
ISSN:

1934-7685

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