Gabon: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Gabon

IMF Staff Country Reports, May 17, 2007

Source details

Canonical URL: Gabon: Request for Stand-By Arrangement: Staff Report; Staff Statement; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Gabon

Examines Gabon’s request for a Stand-By Arrangement in support of its economic program.
The arrangement provides access at 50 percent of quota.
Given Gabon’s strong balance of payments position, the authorities intend to treat the arrangement as precautionary.
Gabon is ineligible for support under the Policy Support Instrument, which is limited to Poverty Reduction and Growth Facility-eligible countries.
The critical objectives of the government’s program are to prepare the economy for the post-oil era and to make decisive progress in poverty reduction.

Access level: 50 percent of quota.
Intended treatment: precautionary, given strong balance of payments position.
Instrument eligibility constraint: ineligible for the Policy Support Instrument because that instrument is limited to Poverty Reduction and Growth Facility-eligible countries.

Subject tags: Expenditure, Fuel prices, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes.
Keywords included in the source: CR, exports receipt, fuel price subsidy, Fuel prices, gas and mining taxes, Global, ISCR, oil, Oil, oil growth, Oil prices, oil revenue, oil revenue administration, revenue, Sub-Saharan Africa.

IMF Staff Country Report — May 17, 2007.