Gabon: Staff Report for the 2003 Article IV Consultation and Staff-Monitored Program—Staff Report

Author: International Monetary Fund

Volume/Issue: Volume 2004 Issue 028

Publication date: February 2004

ISBN: 9781451813890

$20.00

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Topics covered in this book

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Exports and Imports , Economics- Macroeconomics , Public Finance , Taxation - General , ISCR , CR , wage bill , government , bill , authority , oil revenue , adjustment effort , cumbersome government structure , debt service , payments arrears , authorities' effort , Arrears , Debt service , Africa , Sub-Saharan Africa , Global

Also of interest

Grenada

Peru

Nepal

Republic of Congo : 2001 Article IV

Summary

The continued decline in oil production and the absence of sustained adjustment policies have contributed to Gabon's uneven economic performance over the past three years. To strengthen further the track record before discussing a possible IMF-supported program, a staff-monitored program has been established for the period September–December 2003. The authorities emphasized their determination to confront the challenges facing the country by pursuing policies aimed at diversifying the economy, sustaining growth, and reducing poverty while containing financial imbalances.