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Gabon: Request for Stand-By Arrangement

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  • International Monetary Fund

Abstract

The staff report for the Request for Stand-By Arrangement on Gabon highlights economic developments and policies. A higher-than-anticipated rise in oil GDP more than offset lower-than-expected growth of non-oil GDP. Overall fiscal performance was strong, as the non-oil primary deficit was reduced by 8.6 percentage points to 8.2 percent of non-oil GDP in 2003. The authorities have strengthened their medium-term program to address the weaknesses in public finances that came to the fore under the staff-monitored program (SMP) and to tackle the impediments to private sector development while improving social indicators.

Suggested Citation

  • International Monetary Fund, 2004. "Gabon: Request for Stand-By Arrangement," IMF Staff Country Reports 2004/168, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2004/168
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