Gabon: Fourth Review Under the Stand-By Arrangement and Review of Financing Assurances

August 1, 2005

Preview Citation

Format: Chicago

Gabon: Fourth Review Under the Stand-By Arrangement and Review of Financing Assurances, (USA: International Monetary Fund, 2005) accessed November 21, 2024

Summary

This paper discusses key findings of the Fourth Review Under the Stand-By Arrangement and Review of Financing Assurances for Gabon. Rising non-oil revenue and continued expenditure control contributed to maintaining fiscal discipline, and all quantitative performance criteria for end-March 2005 were observed. Structural fiscal reforms are needed to improve the quality of public spending. Public expenditure management needs to be strengthened by improving both budget preparation and budget execution. The Gabonese authorities have expressed a desire to remain closely engaged with the IMF through a multiyear follow-up arrangement.

Subject: Arrears, Asset and liability management, Debt rescheduling, External debt, Oil, gas and mining taxes, Public debt, Taxes

Keywords: Africa, Arrears, BADEA, BADEA's domicile, Correspondent bank in New York, CR, Debt rescheduling, Gas and mining taxes, Global, Good faith effort, IMF staff representative, ISCR, Oil, Oil revenue windfall

Publication Details

Pages:

67
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/261
Stock No:

1GABEA2005005
ISBN:

9781451813982
ISSN:

1934-7685

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