Gabon: Request for Stand-By Arrangement

June 22, 2004

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Gabon: Request for Stand-By Arrangement, (USA: International Monetary Fund, 2004) accessed December 23, 2024

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.

Subject: Arrears, Banking, Debt service, Expenditure, External debt, Public debt

Keywords: Africa, Arrears, CFAF, CR, Debt, Debt service, Financing, Gabon's economy, Government, ISCR, Medium term program, Oil revenue, Order basis, Payments arrears, SDR, Sub-Saharan Africa

Publication Details

Pages:

122
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2004/168
Stock No:

1GABEA0032004
ISBN:

9781451813937
ISSN:

1934-7685

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