Gabon : First Review of the Extended Arrangement under the Extended Fund Facility, Requests for a Waiver for Nonobservance of Performance Criterion, and Modifications of Performance Criteria, and Financing Assurances Review-Press Release; Staff Report;…
Author/Editor:
International Monetary Fund. African Dept.
Publication Date:
December 28, 2017
Electronic Access:
Free Full Text (PDF file size is 987 KB).Use the free Adobe Acrobat Reader to view this PDF file
Summary:
Economic activity remains subdued. Budget execution has taken place in difficult conditions given recent shortfalls in non-oil revenues and delays in domestic and external financing. Growth is expected to rebound in 2018 due to better prospects in the oil sector, investment in new growth pillars (agribusiness) and a gradual improvement in confidence as the government reduces its domestic arrears. The fiscal and external current account balances are improving thanks to strong export growth and a decline in public spending. Program implementation has been broadly satisfactory, with most end-June performance criteria and structural benchmarks met, but substantial risks remain. New external arrears were accumulated.
Series:
Country Report No. 17/408
English
Publication Date:
December 28, 2017
ISBN/ISSN:
9781484335697/1934-7685
Stock No:
1GABEA2017002
Price:
$18.00 (Academic Rate:$18.00)
Format:
Paper
Pages:
76