Gabon: Selected Issues
IMF Staff Country Reports, December 23, 2019
Source details
- Canonical URL
- Gabon: Selected Issues
Other formats
Bibliographic details
- Published: December 23, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781513524481.002
Objective and approach
- Seeks to quantify the impact of governance reforms on growth.
- Uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt.
Vulnerabilities identified
- Fiscal institutional framework weaknesses constrain effective revenue collection.
- Reduced efficiency of public spending limits fiscal space for priority pro-growth spending.
- Governance and corruption issues impede private investment and private sector activity.
Key quantitative findings from the DSGE simulations
- Potential additional growth from governance reforms: 0.8 to 1.5 percent per year over the next 10 years.
- Potential decline in debt: 1.0 to 2.0 percent of non-oil gross domestic product per year over the same period.
Policy implications and recommendations
- Urgent need to improve governance and curb corruption to:
- Boost domestic revenue.
- Enhance public finance management.
- Improve the quality of public spending.
- Improve the business environment to promote private investment and facilitate private sector activity.
Source: Gabon: Selected Issues (IMF Staff Country Report), December 23, 2019.
Content in this bundle
- Gabon: Selected Issues; IMF Country Report No. 19/390; December 4, 2019