Gabon: Request for Stand-By Arrangement

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 168

Publication date: June 2004

ISBN: 9781451813937

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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.

Banks and Banking , Exports and Imports , Labor , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , government , debt , oil revenue , CFAF , financing , SDR , Gabon's economy , medium term program , order basis , payments arrears , Arrears , Debt service , Sub-Saharan Africa , Africa

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

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.