Gabon: Staff Report for the 2001 Article IV Consultation

Author: International Monetary Fund

Volume/Issue: Volume 2002 Issue 095

Publication date: May 2002

ISBN: 9781451813906

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Topics covered in this book

This title contains information about the following subjects. Click on a subject if you would like to see other titles with the same subjects.

Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , Public Policy - Social Services and Welfare , ISCR , CR , authority , petroleum audit , payments arrears , corruption law , staff appraisal , government use , government indebtedness , consumer price inflation , Oil , gas and mining taxes , Arrears , Africa , Sub-Saharan Africa

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Summary

This 2001 Article IV Consultation highlights that the fiscal and structural reform efforts in Gabon continued during 2001 under the government’s program supported by an 18-month Stand-by Arrangement, approved on October 23, 2000. Non-oil economic activity in Gabon rose by 4 percent in 2001, following a severe contraction in 1999 and a moderate recovery in 2000. Private investment picked up as confidence strengthened further, helped by substantial repayments of government domestic debt. Services, agriculture, and wood processing were the main sectors contributing to growth.