Gabon: Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

IMF Staff Country Reports, January 22, 2019

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Canonical URL: Gabon: Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

Political risks appear to have subsided with the completion of legislative and local elections in October.
The economy is slowly recovering.
Fiscal consolidation has continued.
Inflation has remained low.
The trade balance has improved.
The recovery is expected to firm up in 2019 and the medium-term outlook is still promising, although risks remain mostly tilted to the downside.

Subject areas: Arrears, Debt service, External debt, Fiscal policy, Fiscal stance, Government debt management, Public financial management (PFM), Revenue administration.
Keywords listed: Africa; Arrears; authority; Central Africa; CR; Debt service; draft budget law; executive board discussion; Fiscal stance; Gabonese authorities; Global; government contract; Government debt management; ISCR; oil revenue management; reform program; safeguarding banking sector stability.

Near-term: Continued fiscal consolidation and low inflation support the recovery.
Medium-term: Outlook is promising but risks remain mostly tilted to the downside.
Political: Improvement following legislative and local elections, reducing political risk.

Source: International Monetary Fund.