Gabon: Selected Issues

Publication Date:

June 20, 2006

Electronic Access:

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Summary:

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.

Series:

Country Report No. 2006/232

Subject:

Notes:

Also available online in French

English

Publication Date:

June 20, 2006

ISBN/ISSN:

9781451813999/1934-7685

Stock No:

1GABEA2006001

Pages:

88

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