Gabon: 2010 Article IV Consultation-Staff Report; Staff Supplement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon
May 4, 2011
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Oil production over the last 40 years has transformed Gabon into a middle-income country; but income inequality is high, and non-commodity sectors are stagnant. Gabon is recovering from the global financial crisis. The recovery to be sustained, with downside risks from commodity prices and possible slippages in policy implementation. The fiscal stance has important implications for domestic stability. Medium-term fiscal consolidation is vital to ensuring fiscal sustainability and external competitiveness as oil production dwindles over time. The authorities have embarked on major reforms of public financial management (PFM).
Subject: Capital spending, Expenditure, Public financial management (PFM), Public investment and public-private partnerships (PPP), Public investment spending
Keywords: Africa, authorities' plan, authority, Capital spending, competition authority, consultation, consultation informational annex, CR, economic development development plan, Global, investment program, ISCR, Public investment and public-private partnerships (PPP), Public investment spending, staff recommendation, Sub-Saharan Africa
Pages:
51
Volume:
2011
DOI:
---
Issue:
097
Series:
Country Report No. 2011/097
Stock No:
1GABEA2011001
ISBN:
9781455255283
ISSN:
1934-7685
