IMF Staff Country Reports

Gabon: First and Second Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers for Nonobservance of Performance Criteria, Establishment of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director

July 8, 2022

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Gabon: First and Second Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers for Nonobservance of Performance Criteria, Establishment of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report; Staff Supplement; and Statement by the Executive Director, (USA: International Monetary Fund, 2022) accessed December 26, 2024

Also available in: français

Summary

This paper presents Gabon’s First and Second Reviews of the Extended Arrangement under the Extended Fund Facility, Requests for Waivers for Nonobservance of Performance Criteria, Establishment of Performance Criteria, and Financing Assurances Review. Program implementation has been mixed amid pandemic-related disruptions. A nascent economic recovery is underway, and the medium-term outlook is broadly positive amidst higher oil prices, but it remains subject to considerable uncertainty. The war in Ukraine will affect the economy through higher food and fuel prices. Expediting the design of well-targeted social safety nets will also be critical to providing adequate support to vulnerable households and strengthening social protection. Addressing structural reforms, including governance and corruption weaknesses is paramount to achieve strong and inclusive growth. Enhancing the banking sector and implementing an effective financial inclusion strategy, improving the business environment, and strengthening the anti-corruption framework will help address bottlenecks in the economy and promote private investment.

Subject: External debt, Fiscal policy, International organization, Monetary policy, Public debt, Public financial management (PFM), Taxes

Keywords: Gas and mining taxes, Arrears, Authorities' effort, Budget to the parliament, Financing assurances review, Fiscal stance, Global, Nationalities of beneficial owners, Oil, Procurement contract

Publication Details

  • Pages:

    101

  • Volume:

    ---

  • DOI:

    ---

  • Issue:

    ---

  • Series:

    Country Report No. 2022/216

  • Stock No:

    1GABEA2022001

  • ISBN:

    9798400213113

  • ISSN:

    1934-7685

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