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Gabon: Staff Report for the 2014 Article IV Consultation
Author:
International Monetary Fund. African Dept.
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Series:
IMF Staff Country Reports
Volume/Issue:
Volume 2015: Issue 047
Language:
English
Publication Date:
25 Feb 2015
DOI:
https://doi.org/10.5089/9781498309165.002
ISBN:
9781498309165
ISSN:
1934-7685
Pages:
72
Keywords:
ISCR; CR; debt; price; GDP; Gabon; revenue; investment spending; oil price shock; sustainability framework; oil revenue management; debt stock; Oil prices; Global; Africa; Central Africa
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This 2014 Article IV Consultation highlights that Gabon’s growth performance has recently been strong, but fiscal pressures have increased significantly. Real GDP growth has averaged about 6 percent in the last four years on the back of substantial scaling-up of capital spending as the authorities implement their strategy Plan Stratégique Gabon Emergent to promote economic diversification and growth inclusiveness. The medium-term growth outlook has weakened as a result of the sharp decline in oil prices, but is expected to remain relatively strong. Growth is expected to be driven by a number of projects under way in agro-industry, mining, and wood processing.
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Cover IMF Staff Country Reports
IMF Staff Country Reports
ISSN:
1934-7685
Publisher:
International Monetary Fund