Gabon: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon

June 23, 2006

Preview Citation

Format: Chicago

Gabon: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon, (USA: International Monetary Fund, 2006) accessed November 21, 2024

Also available in: français

Summary

Gabon continues to enjoy record high oil prices, buoying both exports and government revenues. The critical medium-term challenge facing Gabon is managing the transition from an economy highly dependent on oil to a diversified economy that harnesses private sector initiative, and makes decisive progress in poverty reduction. The fiscal policy stance requires significant tightening. Raising economic growth and reducing poverty necessitate the acceleration of the structural reform agenda. Fostering transparency is a key ingredient to strengthening governance and accountability in Gabon.

Subject: Commodities, Expenditure, Fuel prices, Oil, Oil prices, Oil, gas and mining taxes, Prices, Taxes

Keywords: CR, Deficit, Fuel prices, Gas and mining taxes, IMF staff representative, ISCR, Oil, Oil GDP, Oil prices, Oil revenue windfall, Percent growth, Staff appraisal, Sub-Saharan Africa

Publication Details

Pages:

66
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2006/238
Stock No:

1GABEA2006002
ISBN:

9781451814002
ISSN:

1934-7685

Notes

Also available online in French

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