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Gabon: 2006 Article IV Consultation—Staff Report; Staff Statement; Public Information Notice on the Executive Board Discussion; and Statement by the Executive Director for Gabon
Author:
International Monetary Fund
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2006: Issue 238
Language:
English
Publication Date:
23 Jun 2006
DOI:
https://doi.org/10.5089/9781451814002.002
ISBN:
9781451814002
ISSN:
1934-7685
Pages:
66
Keywords:
ISCR; CR; oil GDP; staff appraisal; percent growth; deficit; IMF staff representative; oil revenue windfall; Oil prices; Oil; gas and mining taxes; Fuel prices; Sub-Saharan Africa
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Gabon continues to enjoy record high oil prices, buoying both exports and government revenues. The critical medium-term challenge facing Gabon is managing the transition from an economy highly dependent on oil to a diversified economy that harnesses private sector initiative, and makes decisive progress in poverty reduction. The fiscal policy stance requires significant tightening. Raising economic growth and reducing poverty necessitate the acceleration of the structural reform agenda. Fostering transparency is a key ingredient to strengthening governance and accountability in Gabon.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund