Gabon: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Gabon

July 11, 2017

Preview Citation

Format: Chicago

Gabon: Request for an Extended Arrangement Under the Extended Fund Facility-Press Release; Staff Report; and Statement by the Executive Director for Gabon, (USA: International Monetary Fund, 2017) accessed November 21, 2024

Also available in: français

Summary

This paper discusses Gabon’s Request for an Extended Arrangement Under the Extended Fund Facility (EFF). The main goal of the program is to ensure macroeconomic stability and lay the basis for sustainable and equitable growth. To this end, the program seeks to ensure debt sustainability at the national level and help restore and preserve external stability at the regional level. It is built upon three pillars: (1) well-balanced fiscal consolidation that minimizes the impact on growth and protects vulnerable groups; (2) structural fiscal reforms to improve the efficiency and transparency of public spending; and (3) policies to enhance financial sector stability and economic diversification. The IMF staff supports the authorities’ request for an extended arrangement under the EFF.

Subject: Arrears, External debt, Fiscal consolidation, Fiscal policy, Fiscal stance, Public debt, Public financial management (PFM)

Keywords: Arrears, Balance of payments position, Central Africa, CR, Customs revenue, Economic recovery program, EFF-supported program, Fiscal consolidation, Fiscal stance, Gabon's quota, GDP, IMF's transparency policy, ISCR, Oil revenue management, Policy package, Public finance, Spending

Publication Details

Pages:

104
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2017/205
Stock No:

1GABEA2017001
ISBN:

9781484309148
ISSN:

1934-7685

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