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Gabon: Selected Issues

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  • International Monetary Fund

Abstract

Efficiency and equity reasons suggest placing a high priority on ensuring that fiscal policy is on a sustainable path. This chapter has sought to estimate the sustainable long-term non-oil primary deficit and the optimal adjustment path toward that level. The banks’ inability to monitor effectively the quality of their loan portfolios, paired with the high interest-rate floor on deposits, are key factors behind the very low degree of financial intermediation. The reform of fuel price subsidies in Gabon is necessary to facilitate pro-poor economic growth.

Suggested Citation

  • International Monetary Fund, 2006. "Gabon: Selected Issues," IMF Staff Country Reports 2006/232, International Monetary Fund.
    • Handle: RePEc:imf:imfscr:2006/232
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    File URL: http://www.imf.org/external/pubs/cat/longres.aspx?sk=19364
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    Cited by:

    1. Mr. Jan-Peter Olters & Mr. Daniel Leigh, 2006. "Natural-Resource Depletion, Habit Formation, and Sustainable Fiscal Policy: Lessons from Gabon," IMF Working Papers 2006/193, International Monetary Fund.

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