Gabon Hit by Oil Price Slide
IMF Podcasts, March 22, 2016
Source details
- Canonical URL
- Gabon Hit by Oil Price Slide
Other formats
Bibliographic details
- Published: March 22, 2016
Overview
- Publication date: March 22, 2016
- Subject: The IMF’s most recent review of Gabon’s economy finds the country has been hit hard by the oil price decline.
- Principal speaker: Montfort Mlachila, IMF Mission Chief for Gabon.
Key findings from the IMF review
- Gabon has been hit hard by the oil price decline.
- Recovery requires building resilience and reviving growth through economic diversification.
- The need to shore up non-oil revenues is emphasized.
Policy recommendations and strategies
- Diversify the economy away from oil to revive growth.
- Shore up non-oil revenues to build fiscal resilience.