Gabon: First Review of the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver for Nonobservance of Performance Criterion, and Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; and Statement by the Executive Director for Gabon
December 28, 2017
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This paper discusses Gabon’s First Review of the Extended Arrangement Under the Extended Fund Facility (EFF), Requests for a Waiver for Nonobservance of Performance Criterion (PCs) and Modifications of PCs, and Financing Assurances Review. The short-term outlook remains challenging. Although a growth rebound in 2018 is expected given recent developments in foreign direct investment inflows and better-than-previously projected activity in the oil and mining sectors, weaknesses in non-oil revenue collections and tight short-term liquidity conditions are sources of fiscal risk. The IMF staff supports the authorities’ request for the completion of the first review, and modification of PCs for end-December 2017.
Subject: Arrears, External debt, Government debt management, Oil, gas and mining taxes, Public debt, Public financial management (PFM), Revenue administration, Taxes
Keywords: Arrears, Central Africa, CR, economic recovery plan, end-September IT, Gabon's program, gas and mining taxes, government, Government debt management, IMF staff calculation, ISCR, Oil, public finance management reform, Sub-Saharan Africa, support private sector credit growth
Pages:
76
Volume:
2017
DOI:
Issue:
408
Series:
Country Report No. 2017/408
Stock No:
1GABEA2017002
ISBN:
9781484335697
ISSN:
1934-7685
