## 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](https://www.imf.org/en/publications/cr/issues/2016/12/31/gabon-request-for-stand-by-arrangement-staff-report-staff-statement-press-release-on-the-20976)

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## Bibliographic details
- Published: May 17, 2007
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781451814026.002

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### Executive summary
- 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.

### Arrangement features and treatment
- 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.

### Program objectives and policy emphasis
- Prepare the economy for the post-oil era.
- Make decisive progress in poverty reduction.

### Key topics and keywords
- 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.*

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_Source: https://www.imf.org/en/publications/cr/issues/2016/12/31/gabon-request-for-stand-by-arrangement-staff-report-staff-statement-press-release-on-the-20976_