Gabon: First Review Under the Stand-By Arrangement

January 5, 2005

Preview Citation

Format: Chicago

Gabon: First Review Under the Stand-By Arrangement, (USA: International Monetary Fund, 2005) accessed September 19, 2024

Summary

The staff report for the First Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The economy is little diversified and heavily dependent on oil production, which is on a downward trend; the debt burden is high; and social indicators are weak. The program supported by the 14-month SBA aims at promoting non-oil GDP growth through wide-ranging structural reforms, while sustaining fiscal adjustment and improving public expenditure management. Progress has been made on the structural front, notably in the forestry sector and in the areas of privatization and budgetary management.

Subject: Arrears, Credit, External debt, Money, Oil prices, Prices, Public debt

Keywords: Arrears, Commitment to the adjustment process, CR, Credit, Debt, Gabon's economy, Government, Implementation of the program, ISCR, Oil export revenue, Oil prices, Poverty problem, Priority investment project, Revenue collection, Sub-Saharan Africa

Publication Details

Pages:

85
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/003
Stock No:

1GABEA2005001
ISBN:

9781451813944
ISSN:

1934-7685

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