## Gabon: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon

_IMF Staff Country Reports, May 31, 2024_

## Source details

**Canonical URL:** [Gabon: 2024 Article IV Consultation-Press Release; Staff Report; and Statement by the Executive Director for Gabon](https://www.imf.org/en/publications/cr/issues/2024/05/31/gabon-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549681)

## Other formats

- [Markdown version](/en/publications/cr/issues/2024/05/31/gabon-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549681/index.md)
- [Structured JSON version](/en/publications/cr/issues/2024/05/31/gabon-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549681/index.json)
- [Bundle manifest](/en/publications/cr/issues/2024/05/31/gabon-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549681/bundle-manifest.json)

## Bibliographic details
- Published: May 31, 2024
- Series: IMF Staff Country Reports
- DOI: https://doi.org/10.5089/9798400277801.002

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### Overview
- The 2024 Article IV Consultation evaluates Gabon’s post-pandemic recovery and recent shocks.
- The economy hit a soft patch in 2023 following logistics disruptions, political uncertainty, and high fuel prices for businesses.
- The economy is set to resume its potential growth of around 3 percent this year as shocks dissipate.
- Transition authorities face a historic opportunity to pivot toward a more transparent and inclusive model of governance, but overcoming decades of entrenched institutional practice will require sustained reform efforts to achieve a point of no return.

### Economic outlook and shocks
- 2023: soft patch in activity due to logistics disruptions, political uncertainty, and high fuel prices for businesses.
- Current year projection: resume potential growth of around 3 percent as shocks dissipate.

### Main challenges identified
- Ensuring transparency in the management of public resources.
- Putting the fiscal position on a sustainable footing.
- Raising potential growth and making growth more inclusive.
- Addressing transparency and governance gaps to understand the fiscal position, efficiently manage public resources, and support the business climate.

### Fiscal risks and policy recommendations
- Fiscal imbalances need to be urgently addressed to:
  - Reduce liquidity risks.
  - Avoid unsustainable debt dynamics.
  - Support the external objectives of the currency union.
- Emphasis on sustained reform efforts to change entrenched institutional practices.

### Governance and transparency
- Addressing transparency and governance gaps is critical for:
  - Understanding the fiscal position.
  - Efficiently managing public resources.
  - Supporting the business climate.
- Transition authorities have an opportunity to pivot toward a more transparent and inclusive governance model, contingent on sustained reforms.

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## Content in this bundle

- **Fiscal Policies in 2024**
  - [Fiscal Policies in 2024 (Markdown version)](/-/media/files/publications/cr/2024/english/1gabea2024001.pdf.md){rel="alternate" type="text/markdown"}
  - [Fiscal Policies in 2024 (PDF)](/-/media/files/publications/cr/2024/english/1gabea2024001.pdf){rel="external" type="application/pdf"}

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_Source: https://www.imf.org/en/publications/cr/issues/2024/05/31/gabon-2024-article-iv-consultation-press-release-staff-report-and-statement-by-the-549681_