Gabon: Selected Issues

December 23, 2019

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Format: Chicago

Gabon: Selected Issues, (USA: International Monetary Fund, 2019) accessed December 24, 2024

Summary

This Selected Issues on Gabon seeks to quantify the impact of governance reforms on growth. It uses a dynamic stochastic general equilibrium (DSGE) model calibrated to Gabon to simulate the potential benefits from governance and anti-corruption reforms to growth and public debt. Vulnerabilities in the fiscal institutional framework constrain effective revenue collection and reduce the efficiency of public spending, thus limiting fiscal space for priority pro-growth spending. The results of a DSGE model for Gabon suggest that macro-fiscal gains from governance reforms could be substantial. The potential additional growth can range from 0.8 to 1.5 percent per year over the next 10 years, and debt can decline by 1.0 to 2.0 percent of non-oil gross domestic product per year over the same period. It is urgent to improve governance and curb corruption to boost domestic revenue, enhance public finance management and the quality of spending, and improve the business environment to promote private investment and facilitate private sector activity.

Subject: Corruption, Crime, Education, Expenditure, Health, Health care spending, Revenue administration

Keywords: Africa, Corruption, CR, Diversification effort, Education spending, Gabon, Gabon Émergent, Global, Governance, Governance reform, Health care spending, ISCR, Public education outcome, Reform package, Revenue, Social spending needs, Spending, Sub-Saharan Africa, Tackling governance weakness

Publication Details

Pages:

65
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2019/390
Stock No:

1GABEA2019003
ISBN:

9781513524481
ISSN:

1934-7685

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