{
  "title": "Gabon: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Gabon",
  "publication": "IMF Staff Country Reports, August 13, 2020",
  "sourceUrl": "https://www.imf.org/en/publications/cr/issues/2020/08/12/gabon-request-for-purchase-under-the-rapid-financing-instrument-press-release-staff-report-49687",
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  "summary": "Since the approval of the first RFI request on April 9, 2020 (IMF Country Report No 20/109), weaker external demand and a more pronounced impact of containment measures have further deteriorated growth prospects and worsened external and fiscal positions.",
  "sections": [
    {
      "heading": "Summary and request",
      "content": "- Since the approval of the first RFI request on April 9, 2020 (IMF Country Report No 20/109), weaker external demand and a more pronounced impact of containment measures have further deteriorated growth prospects and worsened external and fiscal positions.\n- The authorities are requesting a purchase under the Rapid Financing Instrument (RFI) of 50 percent of quota (SDR 108 million) to be used as budget support to help address urgent balance of payment (BoP) needs and mitigate the risk of disorderly fiscal or BoP adjustment.\n- This additional request will bring the total purchases under the RFI to 100 percent of quota in 2020."
    },
    {
      "heading": "Context and macroeconomic impact",
      "content": "- Deterioration themes:\n  - Weaker external demand.\n  - More pronounced impact of containment measures.\n  - Worsened growth prospects.\n  - Worsened external and fiscal positions.\n- Policy objective of the RFI purchase:\n  - Provide budget support to address urgent BoP needs.\n  - Mitigate the risk of disorderly fiscal or BoP adjustment."
    },
    {
      "heading": "Report and publication metadata",
      "content": "- Title: Gabon: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Gabon\n- Publication date: August 13, 2020\n- Series: Country Report No. 2020/267\n- Issue: 267\n- Volume: 2020\n- Pages: 44\n- Stock No: 1GABEA2020003\n- ISBN: 9781513554518\n- ISSN: 1934-7685\n- DOI: https://doi.org/10.5089/9781513554518.002"
    },
    {
      "heading": "Subjects and keywords",
      "content": "- Subject: Arrears, COVID-19, External debt, Health, Oil prices, Prices, Public debt, Revenue administration\n- Keywords: Arrears, COVID-19, CR, emergency resource, financing condition, fund's arrears policy, Gabon's request, Global, IMF emergency assistance, IMF lending tracker, ISCR, Oil prices, request, RFI purchase, staff appraisal\n\nInternational Monetary Fund. African Dept. \"Gabon: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Gabon\", IMF Staff Country Reports 2020, 267 (2020).\n\n---\n\n Content in this bundle\n\n- 1gabea2020003 - Executive Summary\n  - 1gabea2020003 - Executive Summary (Markdown version){rel=\"alternate\" type=\"text/markdown\"}\n  - 1gabea2020003 - Executive Summary (PDF){rel=\"external\" type=\"application/pdf\"}"
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    "Published: August 13, 2020",
    "Series: IMF Staff Country Reports",
    "DOI: https://doi.org/10.5089/9781513554518.002",
    "Since the approval of the first RFI request on April 9, 2020 (IMF Country Report No 20/109), weaker external demand and a more pronounced impact of containment measures have further deteriorated growth prospects and worsened external and fiscal positions.",
    "The authorities are requesting a purchase under the Rapid Financing Instrument (RFI) of 50 percent of quota (SDR 108 million) to be used as budget support to help address urgent balance of payment (BoP) needs and mitigate the risk of disorderly fiscal or BoP adjustment.",
    "This additional request will bring the total purchases under the RFI to 100 percent of quota in 2020.",
    "Deterioration themes:",
    "Policy objective of the RFI purchase:",
    "Title: Gabon: Request for Purchase Under the Rapid Financing Instrument-Press Release; Staff Report; and Statement by the Executive Director for Gabon",
    "Publication date: August 13, 2020",
    "Series: Country Report No. 2020/267",
    "Issue: 267",
    "Volume: 2020",
    "Pages: 44",
    "Stock No: 1GABEA2020003",
    "ISBN: 9781513554518",
    "ISSN: 1934-7685",
    "DOI: https://doi.org/10.5089/9781513554518.002",
    "Subject: Arrears, COVID-19, External debt, Health, Oil prices, Prices, Public debt, Revenue administration",
    "Keywords: Arrears, COVID-19, CR, emergency resource, financing condition, fund's arrears policy, Gabon's request, Global, IMF emergency assistance, IMF lending tracker, ISCR, Oil prices, request, RFI purchase, staff appraisal",
    "**1gabea2020003 - Executive Summary**"
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