Gabon: Second Review Under the Stand-By Arrangement, Request for Waiver of Performance Criterion, and Review of Financing Assurances

January 5, 2005

Preview Citation

Format: Chicago

Gabon: Second Review Under the Stand-By Arrangement, Request for Waiver of Performance Criterion, and Review of Financing Assurances, (USA: International Monetary Fund, 2005) accessed December 12, 2024

Summary

The staff report for the Second Review Under the Stand-By Arrangement (SBA) on Gabon focuses on economic developments and policies. The program supported by the 14-month SBA aims at promoting non-oil GDP growth, while sustaining fiscal adjustment and improving public expenditure management. All performance criteria for end-September 2004 were observed, even though there were small slippages in the indicative targets for non-oil revenue and the net reduction of unpaid payments orders at the treasury. The macroeconomic environment has improved since the first review, reflecting slightly higher oil production and considerably higher oil prices.

Subject: Arrears, External debt, Oil prices, Oil, gas and mining taxes, Prices, Public debt, Taxes

Keywords: Arrears, Authorities' intention, CR, Decision of the IMF, Exchange rate, Executive board's discussion, Gas and mining taxes, Global, Government, ISCR, Oil, Oil prices, Oil revenue, Priority investment project

Publication Details

Pages:

97
Volume:

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DOI:

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Issue:

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Series:

Country Report No. 2005/005
Stock No:

1GABEA2005002
ISBN:

9781451813951
ISSN:

1934-7685

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