{
  "title": "Gabon: Selected Issues",
  "publication": "IMF Staff Country Reports, December 23, 2019",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2019/12/23/gabon-selected-issues-48915",
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  "summary": "This Selected Issues on Gabon seeks to quantify the impact of governance reforms on growth. It uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt.",
  "sections": [
    {
      "heading": "Objective and approach",
      "content": "- Seeks to quantify the impact of governance reforms on growth.\n- Uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt."
    },
    {
      "heading": "Vulnerabilities identified",
      "content": "- Fiscal institutional framework weaknesses constrain effective revenue collection.\n- Reduced efficiency of public spending limits fiscal space for priority pro-growth spending.\n- Governance and corruption issues impede private investment and private sector activity."
    },
    {
      "heading": "Key quantitative findings from the DSGE simulations",
      "content": "- Potential additional growth from governance reforms: 0.8 to 1.5 percent per year over the next 10 years.\n- Potential decline in debt: 1.0 to 2.0 percent of non-oil gross domestic product per year over the same period."
    },
    {
      "heading": "Policy implications and recommendations",
      "content": "- Urgent need to improve governance and curb corruption to:\n  - Boost domestic revenue.\n  - Enhance public finance management.\n  - Improve the quality of public spending.\n  - Improve the business environment to promote private investment and facilitate private sector activity.\n\nSource: Gabon: Selected Issues (IMF Staff Country Report), December 23, 2019.\n\n---\n\n Content in this bundle\n\n- Gabon: Selected Issues; IMF Country Report No. 19/390; December 4, 2019\n  - Gabon: Selected Issues; IMF Country Report No. 19/390; December 4, 2019 (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - Gabon: Selected Issues; IMF Country Report No. 19/390; December 4, 2019 (PDF){rel=\"external\" type=\"application/pdf\"}"
    }
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  "bullets": [
    "[Markdown version](/en/publications/cr/issues/2019/12/23/gabon-selected-issues-48915/index.md)",
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    "Published: December 23, 2019",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513524481.002",
    "Seeks to quantify the impact of governance reforms on growth.",
    "Uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt.",
    "Fiscal institutional framework weaknesses constrain effective revenue collection.",
    "Reduced efficiency of public spending limits fiscal space for priority pro-growth spending.",
    "Governance and corruption issues impede private investment and private sector activity.",
    "Potential additional growth from governance reforms: 0.8 to 1.5 percent per year over the next 10 years.",
    "Potential decline in debt: 1.0 to 2.0 percent of non-oil gross domestic product per year over the same period.",
    "Urgent need to improve governance and curb corruption to:",
    "**Gabon: Selected Issues; IMF Country Report No. 19/390; December 4, 2019**"
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