Gabon: Request for Stand-By Arrangement
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Summary:
The staff report for the Request for Stand-By Arrangement on Gabon highlights economic developments and policies. A higher-than-anticipated rise in oil GDP more than offset lower-than-expected growth of non-oil GDP. Overall fiscal performance was strong, as the non-oil primary deficit was reduced by 8.6 percentage points to 8.2 percent of non-oil GDP in 2003. The authorities have strengthened their medium-term program to address the weaknesses in public finances that came to the fore under the staff-monitored program (SMP) and to tackle the impediments to private sector development while improving social indicators.
Series:
Country Report No. 2004/168
Subject:
Arrears Banking Debt service Expenditure External debt Public debt
English
Publication Date:
June 22, 2004
ISBN/ISSN:
9781451813937/1934-7685
Stock No:
1GABEA0032004
Pages:
122
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