## Gabon: First Review Under the Stand-By Arrangement

_IMF Staff Country Reports, January 5, 2005_

## Source details

**Canonical URL:** [Gabon: First Review Under the Stand-By Arrangement](https://www.imf.org/en/publications/cr/issues/2016/12/31/gabon-first-review-under-the-stand-by-arrangement-17963)

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## Bibliographic details
- Authors: Arrangement The
- Published: January 5, 2005
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451813944.002

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### Executive summary
- The staff report focuses on economic developments and policies under the First Review of a 14-month Stand-By Arrangement (SBA).
- Key structural characteristics and vulnerabilities:
  - The economy is little diversified and heavily dependent on oil production, which is on a downward trend.
  - The debt burden is high.
  - Social indicators are weak.
- Program objectives:
  - Promote non-oil GDP growth through wide-ranging structural reforms.
  - Sustain fiscal adjustment.
  - Improve public expenditure management.

### Economic context and vulnerabilities
- Findings on the economy:
  - Heavy dependence on oil production; oil production is on a downward trend.
  - High public debt burden.
  - Weak social indicators.
- Subject tags in the report: Arrears, Credit, External debt, Money, Oil prices, Prices, Public debt.

### Program objectives and policy measures
- Program supported by the 14-month SBA aims:
  - Promote non-oil GDP growth via structural reforms.
  - Sustain fiscal adjustment.
  - Improve public expenditure management.
- Policy focus areas highlighted:
  - Fiscal adjustment measures.
  - Public expenditure management reforms.
  - Structural reforms to diversify growth away from oil.

### Progress and structural reforms
- Reported progress:
  - Notable structural progress in the forestry sector.
  - Progress in the areas of privatization.
  - Progress in budgetary management.

### Keywords and focus areas
- Report 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.

*International Monetary Fund. "Gabon: First Review Under the Stand-By Arrangement", IMF Staff Country Reports 2005, Issue 003.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/gabon-first-review-under-the-stand-by-arrangement-17963_