## Gabon: Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon

_IMF Staff Country Reports, January 22, 2019_

## Source details

**Canonical URL:** [Gabon: Gabon: Third Review under the Extended Arrangement Under the Extended Fund Facility, and Requests for Waiver of Nonobservance of Performance Criterion, and Modifications of Performance Criterion-Press Release; Staff Report; and Statement by the Executive Director for Gabon](https://www.imf.org/en/publications/cr/issues/2019/01/22/gabon-gabon-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-46535)

## Other formats

- [Markdown version](/en/publications/cr/issues/2019/01/22/gabon-gabon-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-46535/index.md)
- [Structured JSON version](/en/publications/cr/issues/2019/01/22/gabon-gabon-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-46535/index.json)
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## Bibliographic details
- Published: January 22, 2019
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9781484394397.002

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### Executive summary and macro outlook
- Political risks appear to have subsided with the completion of legislative and local elections in October.
- The economy is slowly recovering.
- Fiscal consolidation has continued.
- Inflation has remained low.
- The trade balance has improved.
- The recovery is expected to firm up in 2019 and the medium-term outlook is still promising, although risks remain mostly tilted to the downside.

### Key findings and subjects covered
- Subject areas: Arrears, Debt service, External debt, Fiscal policy, Fiscal stance, Government debt management, Public financial management (PFM), Revenue administration.
- Keywords listed: Africa; Arrears; authority; Central Africa; CR; Debt service; draft budget law; executive board discussion; Fiscal stance; Gabonese authorities; Global; government contract; Government debt management; ISCR; oil revenue management; reform program; safeguarding banking sector stability.

### Implications and risks
- Near-term: Continued fiscal consolidation and low inflation support the recovery.
- Medium-term: Outlook is promising but risks remain mostly tilted to the downside.
- Political: Improvement following legislative and local elections, reducing political risk.

*Source: International Monetary Fund.*

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## Content in this bundle

- **Country Report**
  - [Country Report (Markdown version)](/-/media/files/publications/cr/2019/cr1917-gabon.pdf.md){rel="alternate" type="text/markdown"}
  - [Country Report (PDF)](/-/media/files/publications/cr/2019/cr1917-gabon.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2019/01/22/gabon-gabon-third-review-under-the-extended-arrangement-under-the-extended-fund-facility-and-46535_