IMF Staff Country Reports

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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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, (USA: International Monetary Fund, 2017) accessed November 8, 2024

Also available in: français

Summary

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

Publication Details

  • Pages:

    76

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2017/408

  • Stock No:

    1GABEA2017002

  • ISBN:

    9781484335697

  • ISSN:

    1934-7685

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