Gabon: Second and Third Reviews Under the Stand-By Arrangement and Requests for Waiver of Nonobservance of Performance Criteria and Modification of Performance Criterion: Staff Report; Press Release on the Executive Board Discussion; and Statement by the Executive Director for Gabon
April 1, 2009
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This paper presents key findings of the Second and Third Reviews for Gabon under the Stand-By Arrangement. Performance under the program has been mixed. Non-oil economic growth was robust prior to the onset of the international financial crisis, spurred by high oil and commodity prices. However, little progress has been made to bring the non-oil fiscal deficit to a sustainable position. IMF staff supports the authorities’ request for waivers for nonobservance of the performance criteria and recommends completion of the second and third reviews.
Subject: Banking, Commodities, External debt, Oil, Oil, gas and mining taxes, Public debt, Public financial management (PFM), Taxes
Keywords: Africa, Central Africa, CR, debt service, Executive Board discussion, fuel price adjustment formula, fuel prices following, gas and mining taxes, Global, government, ISCR, Oil, plan, price, program implementation
Pages:
79
Volume:
2009
DOI:
Issue:
107
Series:
Country Report No. 2009/107
Stock No:
1GABEA2009001
ISBN:
9781451814040
ISSN:
1934-7685
