Author/Editor:

International Monetary Fund. African Dept.

Publication Date:

July 11, 2017

Electronic Access:

Free Full text (PDF file size is 1475 KB).Use the free Adobe Acrobat Reader to view this PDF file

Summary:

Gabon is the second largest economy in the Central African Economic and Monetary Union (CEMAC). Since mid-2014, the decline in oil prices has generated a sharp slowdown in economic activity, large drops in oil exports and fiscal revenues, and widening fiscal and current account deficits. The Gabonese authorities are requesting a three-year, extended arrangement under the Extended Fund Facility (EFF) in an amount equivalent to SDR 464.400 million, corresponding to 215 percent of Gabon’s quota at the Fund.

Series:

Country Report No. 17/205